Deferred Compensation Contribution Amounts for 2014
The Deferred Compensation Plan maximum amounts that can be contributed for 2014 is as follows:
- The base maximum contribution is $17,500. Participants are allowed to contribute an additional $5,500 in the years they turn age 50 or greater for an annual maximum of $23,000.This represents the annual allowable of $17,500 plus the additional $5,500.
- The catch-up maximum is $35,000. This represents double the annual maximum of $17,500.
For more information, please email the Deferred Compensation specialist.