I just wanted to pass this info along.
This just came across my desk:
Retirement Plan Limitations
In October of each year, the IRS reviews contribution, compensation and other retirement plan limits to determine if adjustments are required. Today, the IRS released the 2015 limits. Check out the table below for a comparison of select 2014 and 2015 limits.
(See attached for full details)
Summary:
401K max = 18,000 up from 17,500
IRA max = 5,500, no change
Catch up contribution = $6,000 up from $5,500
Also, I get this "key facts and figures" sheet I refer to often and I thought it could come in handy to some people, so here's a link to the website that publishes it. You will likely be able to obtain the 2015 version as soon as it's published by googling "2015 key facts and figures".
http://www.paychex.com/accounting-professionals/resources/CCH%20Key%20Facts%20and%20Figures%20Card%202014.pdf