IRS Announces 2018 Pension Plan Limits

The Internal Revenue Service recently announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2018. Highlights include:

401k Plan Limits for Plan 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

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 $270,000 $265,000 $265,000
Social Security Wage Base $128,700 $127,200 $118,500 $118,500

 

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