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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

2017

2016

2015

2014

401k Elective Deferrals

$18,000

$18,000

$18,000

$17,500

Annual Defined Contribution Limit

$54,000

$53,000

$53,000

$52,000

Annual Compensation Limit

$270,000

$265,000

$265,000

$260,000

Catch-Up Contribution Limit

$6,000

$6,000

$6,000

$5,500

Highly Compensated Employees

$120,000

$120,000

$120,000

$115,000

 

Non-401k Related Limits

2017  2016  2015  2014

Defined Benefit 415 Limit

$215,000

$210,000

$210,000

$210,000

403(b)/457 Elective Deferrals

$18,000

$18,000

$18,000

$17,500

SIMPLE Employee Deferrals

$12,500

$12,500

$12,500

$12,000

SIMPLE Catch-Up Deferral

$3,000

$3,000

$3,000

$2,500

SEP Minimum Compensation

$600

$600

$600

$550

SEP Annual Compensation Limit

$270,000

$265,000

$265,000

$260,000

Social Security Wage Base

$127,200

$118,500

$118,500

$117,000