IRS Announces 2018 Retirement Plan Limits
The IRS adjusts retirement plan limits and certain thresholds annually based on cost-of-living factors. Here is a summary of the 2018 calendar year limits as well as a look back on the last four calendar years. If you have any questions about how these limits and thresholds affect you and your retirement plan, please contact us.
Click here for the full IRS Notice.
IRS Retirement Plan Limits |
2018 |
2017 |
2016 |
2015 |
2014 |
| 401(k) & 403(b) Salary Deferral Limit IRC § 402(g)(1) |
$18,500 | $18,000 | $18,000 | $18,000 | $17,500 |
| 401(k) & 403(b) Catch- Up Deferral Limit IRC §414(v)(2)(B)(i) |
$6,000 | $6,000 | $6,000 | $6,000 | $5,500 |
| SIMPLE 401(k) Salary Deferral Limit IRC § 408(p)(2)(E) |
$12,500 | $12,500 | $12,500 | $12,500 | $12,000 |
| SIMPLE 401(k) Catch-Up Deferral Limit IRC §414(v)(2)(B)(ii) |
$3,000 | $3,000 | $3,000 | $3,000 | $2,500 |
| 457(b) Salary Deferral Limit | $18,500 | $18,000 | $18,000 | $18,000 | $17,500 |
| Defined Contribution Maximum Annual Addition IRC § 415(c)(1)(A) |
$55,000 | $54,000 | $53,000 | $53,000 | $52,000 |
| Defined Benefit Maximum Annual Benefit IRC § 415(b)(1)(A) |
$220,000 | $215,000 | $210,000 | $210,000 | $210,000 |
| Qualified Plan Annual Compensation Limit IRC § 401(a)(17) |
$275,000 | $270,000 | $265,000 | $265,000 | $260,000 |
| Highly Compensated Employee Limit IRC § 414(q)(1)(B) |
$120,000 | $120,000 | $120,000 | $120,000 | $115,000 |
| Key Employee Officer Compensation IRC § 416(i)(1)(A)(i) |
$175,000 | $175,000 | $170,000 | $170,000 | $170,000 |
| Key Employee 1% Owner Compensation IRC § 416(i)(1)(A)(iii) |
$150,000 | $150,000 | $150,000 | $150,000 | $150,000 |
| Social Security Taxable Wage Base | $128,400 | $127,200 | $118,500 | $118,500 | $117,000 |
