Annual Plan Limits

Each year the U.S. government adjusts the limits for qualified plans and Social Security to reflect cost of living adjustments and changes in the law. Many of these limits are based on the "plan year" as defined in the plan document. The elective deferral and catch-up limits are always based on the calendar year.

2018
2017
2016
Annual Compensation Limit:

$275,000

$270,000

$265,000

Limits on benefits:

Defined contribution plans

$55,000

$54,000

$53,000

Defined benefit plans

$220,000

$215,000

$210,000

                     
Limits on Contributions:  

401(k) plan elective deferrals 

$18,500

$18,000

$18,000

   

403(b) plan elective deferrals

$18,500

$18,000

$18,000

                     

457 plan elective deferrals

$18,500

$18,000

$18,000

    

Simple plan elective deferrals

$13,000

$12,500

$12,500

     

IRA

$6,000

$6,000

$6,000

     
Over 50 Catch-up Contributions:

401(k) plan

$6,000

$6,000

$6,000

403(b) plan

$6,000

$6,000

$6,000

                                    

457 plan

$6,000

$6,000

$6,000

                                  

Simple plan

$3,000

$3,000

$3,000

                                  

IRA

$1,000

$1,000

$1,000

                                    
Social Security Taxable wage base:

$128,700

$127,200

$118,500

    
Highly Compensated definition:

$120,000

$120,000

$120,000