Home Page
Company Profile
Our Services
Retirement Plans
Annual Plan Limits
Newsletter
Links
Contact Us
 
        PlanSponsorLink

Annual Plan Limits

Each year the U.S. government adjusts the limits for qualified plans and Social Security to reflect cost-of-living adjustments and changes in the law. Many of these limits are based on the "plan year" as defined in the plan document. The elective deferral and catch-up limits are always based on the calendar year.

2018 2017 2015-2016*
Compensation $275,000 $270,000 $265,000
Limits on benefits and contributions:
  • Defined contribution plans
$55,000 $54,000 $53,000
  • Defined benefit plans
$220,000 $215,000 $210,000
  • 401(k), 403(b) and 457 plan elective deferrals
$18,500 $18,000 $18,000
  • SIMPLE plan elective deferrals
$12,500 $12,500 $12,500
  • IRA
$5,500 $5,500 $5,500
Catch-up contributions:
  • 401(k), 403(b) and 457 plans
$6,000 $6,000 $6,000
  • SIMPLE plans
$3,000 $3,000 $3,000
  • IRA
$1,000 $1,000 $1,000
"Highly Compensated" definition $120,000 $120,000 $120,000
"Key Employee" definition:
  • Officer
$175,000 $175,000 $170,000
  • 1% owner
$150,000 $150,000 $150,000
Social Security taxable wage base $128,700 $127,200 $118,500

*The 2015 limits remained unchanged for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment.

 

     


top of page