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Retirement Plan Contribution and Benefit Limits

This chart lists the maximum amounts individuals are permitted to contribute to their retirement plans each year. 

 The effective date for 2015 limits is January 1, 2015.

Maximum Dollar Limits

 
2015
2014
2013
2012

Annual employee contribution limit for 401(k), 403(b), or 457 savings plans

$18,000
$17,500
$17,500
$17,000
Annual catch-up contribution limit for 401(k), 403(b) or 457 savings plans if employee is age 50 or over
$6,000
$5,500
$5,500
$5,500

Maximum annual benefit payable by a defined benefit pension plan

$210,000
$210,000
$205,000
$200,000
Annual limit for combined employer - employee contributions to a defined contribution plan
$53,000
$52,000
$51,000
$50,000
Annual contribution limit to an Individual Retirement Account for individuals
$5,500
$5,500
$5,500
$5,000
Annual catch-up contribution limit for Individual Retirement Accounts for individuals age 50 or over $1,000 $1,000 $1,000
$1,000
Annual employee contribution for SIMPLE plans $12,500 $12,000 $12,000
$11,500
Annual catch-up employee contribution for SIMPLE plans if employee is age 50 and over $3,000 $2,500 $2,500
$2,500

Maximum monthly amount insured by the Pension Benefit Guaranty Corporation for people in single employer plans retiring at age 65. Find out guarantee limits at other ages.  

$5,011 $4,943
 $4,790
 $4,653

Maximum monthly amount insured by the Pension Benefit Guaranty Corporation for people in multiemployer plans retiring with 30 years of service.  Find more information on multiemployer insurance.

$1,072 $1,072
$1,072
$1,072
Maximum amount of wages taxable by Social Security
$118,500
$117,000
 $113,700
$110,100
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