The following is a list of affected sections of the Code and the 2014 limitations of interest to the ESOP community Code Section Description 2016 Limitations 2015 Limitations 401(a)(17) Limit on the amount of annual compensation taken into account $265,000 $265,000 402(g)(1) Limitation on the exclusion for elective deferrals described in Section 402(g)(3) of the Code $18,000 $18,000 409(o)(1)(C)(ii) Dollar amount for determining the maximum account balance in an ESOP subject to 5 year distribution period $1,070,000 $1,070,000 414(q)(1)(B) Limitation used in the definition of “highly compensated employee” $120,000 $120,000 414(v)(2)(B)(i) Dollar limitation for catch-up contributions to an applicable employer plan other than a plan described in Section 401(k)(11) or Section 408(p) of the Code $6,000 $6,000 415(b)(1)(A) Limitation on the annual benefit under a defined benefit plan $215,000 $215,000 415(c)(1)(A) Limitation on the annual contribution and other additions for a defined contribution plan $53,000 $53,000 416(i)(1)(A)(i) Limitation used in ... Read More..