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Description:

2012

2013

2014

Maximum 401(k) contribution

$17,000

$17,500

$17,500

Maximum 401(k) catch-up contribution

$5,500

$5,500

$5,500

Maximum SIMPLE contribution

Maximum SIMPLE catch-up contribution

$11,500

$12,000

$12,000

Maximum SIMPLE catch-up contribution

$2,500

$2,500

$2,500

Defined Contribution Plan Annual Addition Limit

$50,000

$51,000

$52,000

Defined Benefit Plan Annual Addition Limit

$200,000

$205,000

$210,000

401(A)(17) Compensation Limit

$250,000

$255,000

$260,000

Highly Compensated Employee Compensation (*)

$115,000

$115,000

$115,000

Key Employee Wage Threshhold

$165,000

$165,000

$170,000

Social Security Wage Base

$110,100

$113,700

$117,000

FICA tax rates:

Social Security

Medicare

Combined Rate

Self-employed combined rate

 

6.20%

1.45%

7.65%

15.30%

 

6.20%

1.45%

7.65%

15.30%

 

6.20%

1.45%

7.65%

15.30%