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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.


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