Beckham County, Oklahoma. Beckham County is a county located on the western border of the U.S. state of Oklahoma. As of the 2010 census, the population was 22,119. Its county seat is Sayre.
Implementing and funding a Cash Balance Plan could substantially increase tax-deductible contributions resulting in significant tax savings to business owners. Under a 401(k) profit sharing plan, the 2013 maximum deductible contribution for an individual is $51,000 (or $56,500 for individuals over the age of 50). However, when a Cash Balance Plan is combined with a 401(k) plan, the deductible contribution for an individual can exceed the 401(k) plan maximum by a sizeable amount.
The amounts listed below reflect the updated limits for 2015. Contribution/Benefit Limit 2015 2014 2013 2012 Elective Deferral Limit (401k, 403b, most 457, and federal government plans) The maximum elective deferral contributions, including Roth 401(k) contributions, an employee may contribute to a plan.53,000 $52,000 $51,000 $50,000 Defined Benefit-Dollar Limit The limitation on the annual benefit under a Defined Benefit Plan under Section 415(b)(1)(A). $210,000 $210,000 $205,000 $200,000 Covered Compensation Limit The maximum compensation amount that may be considered for plan purposes.