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.

Compensation Limits

 20172016201520142013
Compensation $270,000 $265,000 $265,000 $265,000 $255,000

Limits on Benefits and Contributions

 20172016201520142013
Defined Contribution Plans $54,000 $53,000 $53,000 $52,000 $51,000
Defined Benefit Plans $215,000 $210,000 $210,000 $210,000 $205,000
401(k), 403(b) and 457 plan elective deferrals $18,000 $18,000 $18,000 $17,500 $17,500
SIMPLE plan elective deferrals $12,500 $12,500 $12,500 $12,000 $12,000
IRA $5,500 $5,500 $5,500 $5,500 $5,500

Catch-up Contributions

 20172016201520142013
401(k), 403(b) and 457 plans $6,000 $6,000 $6,000 $5,500 $5,500
SIMPLE plans $3,000 $3,000 $3,000 $2,500 $2,500
IRA $1,000 $1,000 $1,000 $1,000 $1,000
"Highly Compensated" definition $120,000 $120,000 $120,000 $115,000 $115,000

Key Employee Definition

 20172016201520142013
Officer $175,000 $170,000 $170,000 $170,000 $165,000
1% Owner $150,000 $150,000 $150,000 $150,000 $150,000
Social Security Taxable wage base $127,200 $118,500 $118,500 $117,000 $113,700

 

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