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Benefits Bulletin: IRS Announces 2015 Retirement Plan Contribution Limits

The IRS recently announced changes to retirement plan contribution limits for the 2015 calendar year. See the guide below for plan types and amounts.

Plan Type                                    Maximum Employee Contribution during CY 2015

401(k)/403(b) aggregate limit         $18,000

457(b)                                         $18,000

Catch-up contributions                  $ 6,000

(Age 50+)

If you wish to make changes to your contribution amount and you are enrolled in TIAA-CREF and/or Fidelity, please submit an updated supplemental retirement annuity deduction form AND salary deferral agreement to HR-Benefits. These forms are available on the HR-Benefits website by clicking on the link below.

http://www.towson.edu/adminfinance/hr/benefits/summaries.asp

If you wish to make changes to your contribution amount and you are enrolled in Nationwide, please contact the plan directly at 1-800-966-6355.

If you have questions about your supplemental retirement account, contact your plan representative below.

TIAA-CREF

Sara Thomas

skthomas@tiaa-cref.org

410-578-2225

FIDELITY

Chris Barnes

Christopher.barnes@fmr.com

410-713-8359

NATIONWIDE

Jayson Myers

1-800-966-6355, ext. 576

Myerj4@nationwide.com

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