Plan Limits for 2014 Announced

The IRS has released its annual cost-of-living adjustment (COLA) update to retirement plan dollar limits. The elective deferral limit remains at $17,500 for the second year in a row. The catch-up limit remains unchanged since 2009 at $5,500. A detailed chart of current and recent (2012-2014) limits is posted on the IRS website, as is an historical chart dating back to 1993.