2014 After-Tax (non-Roth) 401k Contribution Limit

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
Post Reply
natureexplorer
Posts: 4191
Joined: Thu Sep 03, 2009 10:52 am
Location: Houston

2014 After-Tax (non-Roth) 401k Contribution Limit

Post by natureexplorer » Thu Dec 26, 2013 8:41 pm

What are the 2014 limits for all 401k contributions including after-tax (non-Roth) contributions?


natureexplorer
Posts: 4191
Joined: Thu Sep 03, 2009 10:52 am
Location: Houston

Re: 2014 After-Tax (non-Roth) 401k Contribution Limit

Post by natureexplorer » Thu Dec 26, 2013 8:51 pm

Thanks! I assumed the number I have to look for in that table is the one in the "415(c)(1)(A) DC Limits" row, isn't it?

By the way, what doe the following rows refer to?
415(b)(1)(A) DB Limits
401(a)(17)/ 404(l) Annual Compensation
408(k)(3)(C) SEP Maximum Compensation
409(o)(1)(C) ESOP Limits

dan23
Posts: 89
Joined: Thu Jan 13, 2011 11:54 pm

Re: 2014 After-Tax (non-Roth) 401k Contribution Limit

Post by dan23 » Thu Dec 26, 2013 9:19 pm

natureexplorer wrote:
Thanks! I assumed the number I have to look for in that table is the one in the "415(c)(1)(A) DC Limits" row, isn't it?

By the way, what doe the following rows refer to?
415(b)(1)(A) DB Limits
401(a)(17)/ 404(l) Annual Compensation
408(k)(3)(C) SEP Maximum Compensation
409(o)(1)(C) ESOP Limits


You are correct. People generally just refer to it as 415c limit. This site give you a one liner for them:
http://www.irs.gov/uac/IRS-Announces-20 ... ns-in-2014.
Not an expert, but I'll give it a try (someone please correct me if I am wrong):
415(b)(1)(A) - max benefit you can get from a defined benefit plan (which affects the max contribution you can do to a DB plan which also depends on your age and how long you plan on working and is beyond my skills to calculate)
401(a)(17)/ 404(l) - the compensation that can be considered eligible for taking a percentage of in qualified retirement plans for the employer contribution (like 401K)
408(k)(3)(C) - same thing but for SEP IRAs
409(o)(1)(C) - I have no knowledge. Quoting: "The dollar amount under Section 409(o)(1)(C)(ii) for determining the maximum account balance in an employee stock ownership plan subject to a 5‑year distribution period is increased from $1,035,000 to $1,050,000, while the dollar amount used to determine the lengthening of the 5‑year distribution period is increased from $205,000 to $210,000."

natureexplorer
Posts: 4191
Joined: Thu Sep 03, 2009 10:52 am
Location: Houston

Re: 2014 After-Tax (non-Roth) 401k Contribution Limit

Post by natureexplorer » Fri Dec 27, 2013 12:14 pm

dan23, thanks!

Alan S.
Posts: 7111
Joined: Mon May 16, 2011 6:07 pm
Location: Prescott, AZ

Re: 2014 After-Tax (non-Roth) 401k Contribution Limit

Post by Alan S. » Fri Dec 27, 2013 6:14 pm

The age 50 catch up contribution of 5.5k is not considered when determining the 52k limit for 2014. In other words, if you are 50 or more, the limit is 57.5k in 2014.

Post Reply