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2014 contributions table

A breakdown of contribution limits for everything from 401(k)s and 403(b)s to SIMPLEs and SEPs.

Employer-Sponsored Retirement Plans — 2014 Contribution Limits

Plan type Money purchase Profit-sharing 401(k) SEP Simple IRA 403(b)
Participant contribution Not applicable Not applicable $17,500 salary deferrals into other qualified plans count towards the limit Not applicable $12,000 $17,500
Participant catch-up contribution* Not applicable Not applicable Up to $5,500 Not applicable $2,500 $5,500
Maximum contribution (employer & participant’s) that employer can deduct 25% of total eligible payroll (payroll limited to $260,000 per participant) 25% of total eligible payroll (payroll limited to $260,000 per participant) 25% of total eligible payroll (payroll limited to $260,000 per participant) 25% of employee’s pay (pay limited to $260,000 per participant) or $51,000, whichever is less $24,000 ($12,000 participant contribution + $12,000 employer match; employer match limited to 3% of compensation) Tax deduction is not an issue for tax-exempt organizations; however, contributions are generally subject to the same tax-deductible limits applicable to for-profit organizations
Maximum allocation to participant’s account (employer & participant) 100% of participant’s total pay or $52,000 whichever is less 100% of participant’s total pay or $52,000 whichever is less 100% of participant’s total pay or $52,000, whichever is less; if age 50 or older, a catch-up contribution of up to $5,500 may be added 25% of participant’s pay or $52,000 whichever is less $24,000; if age 50 or older, a catch-up contribution of up to $2,500 + $2,500 employer match may be added 100% of participant’s pay or up to $52,000, whichever is less; if age 50 or older, a catch-up contribution of up to $5,500 may be added

* For individuals who are age 50 or older.

Compensation of at least $400,000 is required for the $12,000 maximum match.


Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.