The DOL usually releases the annual 401(k) and other plan limits right about now, but this year delays are expected due to the government shutdown. Citing “credible sources,” 401kHelpcenter suggests that the limits will remain virtually unchanged in 2014. The complete estimate can be found here.
Of course, all of that could change if tax reform takes place and the 401(k) deferral is adjusted to help the federal government raise revenue — in the short term, that is. With the current government shutdown and a debt ceiling crisis looming, tax reform seems far off. But Congress is expected to get to it at some point. Remember to let your elected representatives in Congress know how you feel about reducing the 401(k) tax deferral by going to the Save My 401k website.
