December 2013
FROM

The VBA Team
Wishing you health and happiness this Holiday Season and prosperity in the New Year. We value our relationships and thank you for being our client and/or colleague. We look forward to continuing our partnership in the coming year.
All the best to you, your family, and your organization,


News for 2014:  IRS Indexed Limits
The IRS indexed dollar limits to qualified retirement plans for 2014 are provided in the table below. This update is provided for informational purposes to  and is not intended as legal advice.


1 Employee deferrals to all 401(k) and 403(b) plans must be aggregated for purposes of this limit. A lower limit applies to SIMPLE plans.
2 Available to employees age 50 or older during the calendar year. A lower limit applies to SIMPLE plans.
3 All compensation from a single employer (including all members of a controlled group) must be aggregated for purposes of this limit.
4 For the 2014 plan year, an employee who earns more than $115,000 in 2013 is an HCE. For the 2015 plan year, an employee who earns more than $115,000 in 2014 is an HCE.


Information provided by:
IRS Indexed Limits for 2014
SRS 10854 (10/13)
REMINDER: Our new phone number is 908-823-4607!

STAY CONNECTED:
Like us on Facebook
Follow us on Twitter
View our profile on LinkedIn