RETIREMENT LIMITS

FLEXIBLE BENEFIT RELATED LIMITS

TRANSPORTATION BENEFITS

INCOME<$120,000

OWNERSHIP<5%

WHAT QUALIFIES SOMEONE AS HIGHLY COMPENSATED?1. Employees owning more than 5% of a company, as well as an employee who is a spouse, child, parent or grandparent of an employee owning more than 5% of a company will always be considered highly compensated.

2. Employees who earned more than $120,000 in 2014 will be considered highly compensated in the following year.

Please contact Benefit Express with any questions - 1-847-637-1550

401(k)/457/403b Contribution Limit (Calendar Year)Annual Contribution Limit (Money Purchase, Profit Sharing, Target Plans)Annual Benefit Limit (Defined Benefit Plans)Plan Compensation LimitSocial Security Wage Base (FICA Taxable Wage Base)Catch-up Contribution Limit for 401(k) Plans

Sec. 613 EGTRRA – Key Employee in Top-Heavy PlanHighly Compensated Employees (Sec.414q)Health Savings Account Limits Single Level for Medical Coverage Family Level for Medical Coverage Catch-Up Contributions (Age 55 or Older)Health Care Flexible Spending AccountHealth Care Flexible Spending AccountDependent Care Flexible Spending Account

$18,000$53,000$210,000$265,000$118,500$6,000

$170,000$120,000

$3,350$6,650$1,000$2,550$5,000$5,000

$170,000$115,000

$3,300$6,550$1,000$2,500$5,000$5,000

$17,500$52,000$210,000$260,000$117,000$5,500

2015 2014

2015 2014

INDEXED FIGURES FORQUALIFIED PLANS2015INDEXED FIGURES FORQUALIFIED PLANS

2015 2014

Parking

$250/mo $250/mo

$130/mo $130/mo

Transit

Hi, I’m Cal your benefits pal! I’m here to inform you about Qualified Plans. Qualified Retirement Plans must take various dollar limits into consideration. Some of these are indexed and can therefore change on occasion. Below are the new figures for 2015, as well as the figures for 2014. Hope I can help!