Annual Plan Limits
|
|
|
Compensation |
$250,000 |
$245,000 |
$245,000 |
$245,000 |
|
Limits on benefits and contributions: |
| |
Defined contribution plans |
$50,000 |
$49,000 |
$49,000 |
$49,000 |
| |
Defined benefit plans |
$200,000 |
$195,000 |
$195,000 |
$195,000 |
| |
401(k), 403(b) and 457 plan elective deferrals |
$17,000 |
$16,500 |
$16,500 |
$16,500 |
| |
SIMPLE plan elective deferrals |
$11,500 |
$11,500 |
$11,500 |
$11,500 |
| |
IRA |
$5,000 |
$5,000 |
$5,000 |
$5,000 |
|
Catch-up contributions: |
| |
401(k), 403(b) and 457 plans |
$5,500 |
$5,500 |
$5,500 |
$5,500 |
| |
SIMPLE plans |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
| |
IRA |
$1,000 |
$1,000 |
$1,000 |
$1,000 |
|
"Highly Compensated" definition |
$115,000 |
$110,000 |
$110,000 |
$110,000 |
|
"Key Employee" definition: |
| |
Officer |
$165,000 |
$160,000 |
$160,000 |
$160,000 |
| |
1% owner |
$150,000 |
$150,000 |
$150,000 |
$150,000 |
| Social Security
Taxable wage base |
$110,100 |
$106,800 |
$106,800 |
$106,800 |
|
