The IRS has announced limitations for 2015 Pension Plans. The maximum elective deferral for 401(k) is $18,000 up from $17,500.
Catch-up contributions for those over 50 years old is $6,000 up from $5,500
IRA maximum contribution remains the same at $5,500 as well as the catch-up amount at $1,000.
For more on other pension plans click here.
