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    Retirement Plan Limits For The Tax Year 2017


    On October 27, 2017, the IRS announced cost of
    living adjustments affecting dollar limitations for retirement related items for tax year 2017. 

    Here are the Highlights!

     

    CHART OF SELECT LIMITS

    401k Limits For Year  

    2017

    2016

    401k Elective Deferrals

    $18,000
    $18,000

    Annual Defined Contribution Limit

    $54,000
    $53,000

    Annual Compensation Limit

    $270,000
    $265,000

    Catch-Up Contribution Limit 

    $6,000 
    $6,000

    Highly Compensated Employees

    $120,000 
    $120,000

    Non-401k Related Limits

    2017

    2016

    Social Security (OASDI Only)

    $127,200
    $118,500


    Questions? Email 401k@employerflexible.com or call us at 1.866.501.4942

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