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    2014

    2013

    2012

    2011

    Compensation

    $260,000

    $255,000

    $250,000

    $245,000

    Limits on benefits and contributions:

     

    Defined contribution plans

    $52,000

    $51,000

    $50,000

    $49,000

     

    Defined benefit plans

    $210,000

    $205,000

    $200,000

    $195,000

     

    401(k), 403(b) and 457 plan elective deferrals

    $17,500

    $17,500

    $17,000

    $16,500

     

    SIMPLE plan elective deferrals

    $12,000

    $12,000

    $11,500

    $11,500

     

    IRA

    $5,500

    $5,500

    $5,000

    $5,000

    Catch-up contributions:

     

    401(k), 403(b) and 457 plans

    $5,500

    $5,500

    $5,500

    $5,500

     

    SIMPLE plans

    $2,500

    $2,500

    $2,500

    $2,500

     

    IRA

    $1,000

    $1,000

    $1,000

    $1,000

    Highly Compensated

    $115,000

    $115,000

    $115,000

    $110,000

    Key Employee

     

    Officer

    $170,000

    $165,000

    $165,000

    $160,000

     

    1% owner

    $150,000

    $150,000

    $150,000

    $150,000

    Social Security:

     

    Taxable wage base

    $117,000

    $113,700

    $110,100

    $106,800

     

    Social Security tax rate

    6.20%

    6.20%

    6.20%

    6.20%

    Medicare tax rate

    1.45%

    1.45%

    1.45%

    1.45%

     

    Combined tax rate

    7.65%

    7.65%

    7.65%

    7.65%

     
     
     
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