2014 Retirement Plan Limit Increases Announced
The IRS announced yesterday the new limits for 2014. The most important changes applicable to retirement plans are outlined below. The §415(c)(1)(A) limit on total contributions to a defined contribution plan was increased from $51,000 to $52,000. The §415(b)(1)(A) limitation on the annual benefit under a defined benefit pension plan increased from $205,000 to $210,000. […]
