On October 19, 2017, the IRS released the cost-of-living adjustments affecting the dollar limitations for retirement plans for the 2018 tax year.
 
For a complete list of plan limits based on plan types please visit the IRS website.
 
 

 

2018

2017

2016

Maximum Elective Deferrals—401(k), 403(b)

$18,500

$18,000

$18,000

Annual Defined Contribution Limit

$55,000

$54,000

$53,000

Maximum Annual Defined Benefit Limit

$220,000

$215,000

$210,000

Annual Compensation Limit

$275,000

$270,000

$265,000

Catch-Up Contribution Limit— 401(k), 403(b)

$6,000

$6,000

$6,000

Highly Compensated Employees

$120,000

$120,000

$120,000

Key Employee

$175,000

$175,000

$170,000

SIMPLE Employee Deferrals

$12,500

$12,500

$12,500

SIMPLE Catch-Up Deferral

$3,000

$3,000

$3,000

SEP Minimum Compensation

$600

$600

$600

Taxable Wage Base

$128,700

$127,200

$118,500