Annual Plan Limits

The Internal Revenue Code provides for dollar limitations on benefits and contributions for qualified retirement plans. IRC Section 415 requires the limits to be adjusted annually for cost-of-living increases.


 

401(k), 403(b), Profit-Sharing Plans, etc.

20162017
Elective Deferrals Limit$18,000$18,000
Defined Contribution Limits$53,000$54,000
Annual Compensation Limit$265,000$270,000
Catch-up Contributions Limit$6,000$6,000
Highly Compensated Limit$120,000$120,000
Top-Heavy Key Employee Cpmpensation$170,000$175,000

SIMPLE Plans

20162017
SIMPLE Contrubutions Limit$12,500$12,500
SIMPLE Catch-up Contributions Limit$3000$3000
Social Security Wage Base$118,500$127,200