|November 5, 2013|
Previously published on November 2013
The Internal Revenue Service announced the 2014 cost-of-living adjustments to the dollar limitations for qualified retirement plans and other benefits, and the Social Security Administration announced its own cost-of-living adjustments for 2014. The elective deferral contribution limit for 401(k), 403(b) and 457(b) plans, as well as the catch-up contribution limit, will remain unchanged. Other limits, such as the annual compensation limit under 401(a)(17) and maximum annual benefit/contribution limits under Code Section 415, will increase for 2014.