Compliance Advisory2015 IRS Guidelines

Cost of living adjustments affecting dollar limitations for pension plans and other retirement-related
items. The IRS has released 2015 indexed amounts, adjusted for inflation, for health savings account
contribution limits and deductibles, and OOP maximums for high-deductible health plans (HDHPs).
Changes were minor, but use these figures for preparing benefit guides and other employee
communication materials, as well as for determining 2015 plan design.

2015 IRS GuidelinesIndexed Figures for 2015

EMPLOYEE BENEFITS

2014

2015

401(k) Limit

$17,500

$18,000

401(k) Catch-up

$5,500

$6,000

403(b)

$17,500

$18,000

403(b) Catch-up

$5,500

$6,000

457 (b)(2) and 124 (c)(1)

$17,500

$18,000

457 (b) Catch-up

$5,500

$6,000

Standard Mileage Rate

0.56 for Business

0.23 for Medical or Moving

TBD*

Compensation Limit

$260,000

$265,000

Highly Compensated Employee Salary Amount

$115,000

$120,000

Annual Compensation for Key Employee

$170,000

$170,000

Defined Benefit Plan Limit

$210,000

$210,000

Defined Contribution Plan Limit

$52,000

$53,000

2014 Automotive Wholesalers Association of New England.

All rights reserved. www.awane.com

Parking (monthly)

$250

$250

Mass Transit Passes (monthly)

$130

$130

Bicycle Commuting (monthly)

$20

TBD*

Social Security

$117,000

$118,500

Medicare

Unlimited

FICA TAXABLE WAGE BASE

Unlimited FICA Tax Rate

Social Security

6.20%

6.20%

Medicare

1.45%

1.45%

Health Care Flexible

Spending Account Maximum

$2,500

$2,550

Dependent Care Spending Account Maximum

$5,000
$5,000 Health Savings Account

Maximum Contribution
Individual

$3,300

$3,350

Family

$6,500

$6,650

Catch-up Contribution

$1,000
$1,000 High Deductible Health

Plans
Minimum Annual Deductible (Individual)

$1,250

$1,300

Minimum Annual Deductible (Family)

$2,500

$2,600

Maximum Out-of-Pocket Limit (Individual)

$6,350

$6,450

Maximum Out-of-Pocket Limit (Family)

$12,700

$12,900

*The IRS may adjust the items with an asterisk for 2015. Last year the IRS announced these limits in mid-November.

2014 Automotive Wholesalers Association of New England.

All rights reserved. www.awane.com