1. For 2014, the maximum amount of compensation that can be recognized for retirement plan purposes is $260,000.
2. For 2014, the maximum amount that can be allocated to a participant's account, including 401(k) salary deferrals, is limited to the
lesser of 100% of compensation or $52,000; or, if the participant is eligible to make the $5,500 401(k) catch-up contribution, $57,500. (Catch-up contributions are in addition to the regular $52,000 maximum allocation.)
Cross-tested 401(k) Profit Sharing Plan - Contributions for 2014