On October 23, 2014, the IRS announced its annual cost of living adjustments. Below is a chart from www.401khelpcenter.com that does a nice job summarizing the changes in limits since 2012.
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Chart of Select Limits
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401k Plan Limits for Year
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2015
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2014
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2013
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2012
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401k Elective Deferrals
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$18,000
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$17,500
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$17,500
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$17,000
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Annual Defined Contribution Limit
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$53,000
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$52,000
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$51,000
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$50,000
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Annual Compensation Limit
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$265,000
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$260,000
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$255,000
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$250,000
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Catch-Up Contribution Limit
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$6,000
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$5,500
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$5,500
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$5,500
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Highly Compensated Employees
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$120,000
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$115,000
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$115,000
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$115,000
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Non-401k Related Limits
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403(b)/457 Elective Deferrals
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$18,000
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$17,500
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$17,500
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$17,000
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SIMPLE Employee Deferrals
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$12,500
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$12,000
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$12,000
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$11,500
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SIMPLE Catch-Up Deferral
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$3,000
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$2,500
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$2,500
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$2,500
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SEP Minimum Compensation
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$600
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$550
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$550
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$550
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SEP Annual Compensation Limit
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$265,000
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$260,000
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$255,000
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$250,000
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Social Security Wage Base
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$118,500
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$117,000
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$113,700
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$110,100
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