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2014 Retirement Plan Limits

The Internal Revenue Service has announced its 403(b) retirement plan limits for 2014, as shown below.


Updated Limits:

  •  Defined Contribution Plan Annual Addition Limit (employer and employee combined): Increases to $52,000
  • Compensation Limit for Determining Benefits: Increases to $260,000

The 2014 retirement plan indexed limits will automatically adjust to the limits set by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA).


Unchanged Limits:

  • Compensation Determining Highly Compensated Employees: $115,000
  • Elective Salary Deferral for 403(b) Tax-Deferred Annuity Retirement Plan: $17,500
  • Age 50+ Catch-Up Limit for 403(b) Tax-Deferred Annuity Retirement Plan: $5,500
  • “15-Year Catch-Up” Provision: $3,000 per year with a $15,000 lifetime limit.  (Available to faculty and staff with 15 or more years of service with the University, who have not taken advantage of the contribution limits in the past.)