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Annual Compensation & Contribution Limits

On October 21, 2015, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment. However, other limitations will change because the increase in the index did meet the statutory thresholds.


$270,000

401k Plan Limits for Year

2018

2017

2016

2015

401k Elective Deferrals

$18,500

$18,000

$18,000

$18,000

Annual Defined Contribution Limit

$55,000

$54,000

$53,000

$53,000

Annual Compensation Limit

$275,000

$270,000

$265,000

$265,000

Catch-Up Contribution Limit

$6,000

$6,000

$6,000

$6,000

Highly Compensated Employees

$120,000

$120,000

$120,000

$120,000

 

Non-401k Related Limits

2018 2017 2016 2015

Defined Benefit 415 Limit

$220,000

$215,000

$210,000

$210,000

403(b)/457 Elective Deferrals

$18,500

$18,000

$18,000

$18,000

SIMPLE Employee Deferrals

$12,500

$12,500

$12,500

$12,500

SIMPLE Catch-Up Deferral

$3,000

$3,000

$3,000

$3,000

SEP Minimum Compensation

$600

$600

$600

$600

SEP Annual Compensation Limit

$275,000

$260,000

$265,000

$265,000

Social Security Wage Base

$128,700

$127,200

$118,500

$118,500