The tax law places limits on the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. The Internal Revenue Code (IRC) requires the limits to be adjusted annually for cost-of-living increases. Ingham is pleased to present this table for your convenience.

Annual Compensation and Contribution Limits for Qualified Retirement Plans
  2018 2017 2016   2015 2014

401(k) and 403(b) Deferral Limit

18,500 18,000 18,000   18,000 17,500

457 Deferral Limit

18,500 18,000 18,000   18,000 17,500

401(k), 403(b), 457 Catch-up Contribution Limit

6,000 6,000 6,000   6,000 5,500

SIMPLE Deferral Limit

12,500 12,500 12,500   12,500 12,000

SIMPLE Catch-up Contribution Limit

3,000 3,000 3,000   3,000 2,500

Annual Compensation Limit

275,000 270,000 265,000   265,000 260,000

Defined Benefit 415 Limit

220,000 215,000 210,000   210,000 210,000

Defined Contribution 415 Limit

55,000 54,000 53,000   53,000 52,000

Dollar Limit for HCEs

120,000 120,000 120,000   120,000 115,000

Dollar Limit for Key Employee

175,000 175,000 170,000   170,000 170,000

Social Security Taxable Wage Base

128,700 127,200 118,500   118,500 117,000