Plan Contribution Limits
401(k) Plan Contributions
Annual Contribution Rates
On an annual basis, the IRS announces cost-of-living adjustments applicable for qualified retirement plans and IRAs. Some plan limits remain unchanged because the increase in the Consumer Price Index does not meet the thresholds for their adjustments, while others rise. For 2018, highlights include an increase in the Maximum Annual Contribution Limit for 401(k), 403(b) and 457 plans from $18,000 to $18,500 and an increase in the Annual Compensation Limit from $270,000 to $275,000.
Benefit Strategies is pleased to offer this chart for your reference.
Annual Compensation and Contribution Limits for Qualified Retirement Plans
|401(K) and 403(b) Deferral Limit||18,500||18,000||18,000||18,000|
|457 Deferral Limit||18,500||18,000||18,000||18,000|
|401(k), 403(b), 457 Catch-up Contribution Limit||6,000||6,000||6,000||6,000|
|SIMPLE Deferral Limit||12500||12,500||12,500||12,500|
|SIMPLE Catch-up Contribution Limit||3,000||3,000||3,000||3,000|
|Annual Compensation Limit||275,000||270,000||265,000||265,000|
|Defined Benefit 415 Limit||220,000||215,000||210,000||210,000|
|Defined Contribution 415 Limit||55,000||54,000||53,000||53,000|
|Dollar Limit for HCEs||120,000||120,000||120,000||120,000|
|Dollar Limit for Key Employee||175,000||175,000||170,000||170,000|
|Social Security Taxable Wage Base||128,700||127,200||118,500||118,500|
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