Are y ou c ontrib uting as mu ch as you can t o you r 40 1(k) plan? Why n ot con sider incre asing your contri buti ons? Even a small increase could add up over time. You can contribute up to $18,000 to your 401(k) in 2015 1 The IRS contribution limit for regular pre-tax contributions is $18,000 for 2015. Please keep this annual limit in mind when you elect your contribution rate. (Your contributions are also subject to your plan’s contribution limit.) As always, taxes are due upon withdrawal, and a 10% additional federal tax may apply to withdrawals taken before age 59½. Starting at age 50, you may be eligible to contribute an additional $6,000 in 2015 2 Catch-up contributions allow you to contribute more money as you get closer to retirement. The 2015 catch-up contribution limit is $6,000. You may qualify to make a catch-up contribution if you are age 50 or older anytime during the calendar year, and have met the lesser of: • The IRS annual pre-tax contribution limit, or • Your plan’ s pre-tax contribution limit. If you want to contribute more toward your retirement goal, catch-up contributions are a great way to do it. Take full advantage of your 401(k) plan in 2015 The 2015 contribution limits allow you to contribute up to $18,000 if you are under age 50, and potentially up to $24,000 if you are age 50 or older (subject to your plan’s limits). Easy access to your retirement plan account is available on Benefits OnLine® at www.benefits.ml.com, or by calling the Retirement & Benefits Contact Center. 1 If your plan offers Roth 401(k) contributions, this limit applies to the combined total of any traditional 401(k) contribution and Roth 401(k) contribution. 2 If your plan offers Roth 401(k) contributions, catch-up contribution provisions apply to Roth 401(k) contributions also. Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and other subsidiaries of Bank of America Corporation (BofA Corp.). MLPF&S is a registered broker-dealer, member SIPC and a wholly owned subsidiary of BofA Corp. Investment products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value Unless otherwise noted, all trademarks and registered trademarks are the property of Bank of America Corporation. © 2 01 4 Bank of America Corporation. All rights reser ved. | ARWXX 7GP | 201 427 48-1 | 1 0/201 4 | ADA 2015 IRS limits for 401(k) contributions Contribution limits for 2015