2014 Traditional & Roth IRA Contribution Limits

2014 Traditional & Roth IRA Contribution Limits

  Standard Limit Catch-up Limit (Age 50 and older)
Traditional $5,500 $6,500
Roth $5,500 $6,500

2014 SEP Contribution Limits

Simplified Employee Pension (SEP) Contribution Limits

Max Dollar Allocation Max Considered Compensation
$52,000 $260,000

The maximum amount that can be contributed to a simplified pension plan (SEP) plan is 25% of an employee’s compensation, which is capped at a maximum as indicated above.

2014 SIMPLE IRA Contribution Limits

Savings Incentive Match Plan for Employees (SIMPLE) IRA Contributions and Catch Up Provisions

Standard Limit Catch-up Limit (Age 50 and older)
$12,000 $14,500

Employers are generally required to match each employee’s salary reduction contributions, on a dollar-for-dollar basis, up to 3% of the employee’s compensation.

2014 401(k) and Contribution Limits

401(k) Plans: Employee Salary Deferral Limits

Standard Limit Catch-up Limit (Age 50 and older)
$17,500 $23,000

Employers can contribute up to $33,500.

About the author: 48ws_admin