Today, the IRS announced the Retirement Plan Limitations for 2015. Many limits have increased due to the heightened cost-of-living index, but some have remained unchanged. The maximum individual 401(k) contribution limit has increased to $18,000 and the catch-up contribution for those age 50 and over has increased to $6,000.
For a printable list of the important 2015 limits which may impact plans and participants, please click the link below. This list is provided by our local friends at Alliance Pension.
