IRS Announces 2017 Retirement Plan Limits
The IRS adjusts retirement plan limits and certain thresholds annually based on cost-of-living factors. For the most part, these limits and thresholds have not been increased for the last several years. Here is a summary of the 2017 calendar year limits as well as a look back on the last three 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 |
2017 |
2016 |
2015 |
2014 |
| 401(k) & 403(b) Salary Deferral Limit IRC § 402(g)(1) |
$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 | $5,500 |
| SIMPLE 401(k) Salary Deferral Limit IRC § 408(p)(2)(E) |
$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 | $2,500 |
| 457(b) Salary Deferral Limit | $18,000 | $18,000 | $18,000 | $17,500 |
| Defined Contribution Maximum Annual Addition IRC § 415(c)(1)(A) |
$54,000 | $53,000 | $53,000 | $52,000 |
| Defined Benefit Maximum Annual Benefit IRC § 415(b)(1)(A) |
$215,000 | $210,000 | $210,000 | $210,000 |
| Qualified Plan Annual Compensation Limit IRC § 401(a)(17) |
$270,000 | $265,000 | $265,000 | $260,000 |
| Highly Compensated Employee Limit IRC § 414(q)(1)(B) |
$120,000 | $120,000 | $120,000 | $115,000 |
| Key Employee Officer Compensation IRC § 416(i)(1)(A)(i) |
$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 |
| Social Security Taxable Wage Base | $127,200 | $118,500 | $118,500 | $117,000 |
