* 2018 & 2017 Pension Plan Limitations & SS Wage Base
10/20/2017

The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan is $18,500 for 2018 and $18,000 for 2017.

The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan is $6,000 for 2018 and 2017.

The limit on annual contributions to an Individual Retirement Arrangement (IRA) is $5,500 for both 2018 and 2017.  The catch-up contribution to an IRA for individuals aged 50 and over is $1,000.

The limitation on the annual benefit under a defined benefit plan under Section 415(b)(1)(A) is $220,000 for 2018 and $215,000 for 2017.

The limitation for defined contribution plans under Section 415(c)(1)(A) is $55,000 for 2018 and $54,000 for 2017.

The limitation under Section 402(g)(1) on the exclusion for elective deferrals described in Section 402(g)(3) is $18,500 for 2018 and $18,000 for 2017.

The annual compensation limit under Sections 401(a)(17), 404(l), 408(k)(3)(C) and 408(k)(6)(D)(ii) is $275,000 for 2018 and $270,000 for 2017.

The dollar limitation under Section 416(i)(1)(A)(i) concerning the definition of key employee in a top-heavy plan is $175,000 for 2018 and 2017.

The limitation used in the definition of highly compensated employee under Section 414(q)(1)(B) is $120,000 for 2018 and 2017.

 The limitation under Section 408(p)(2)(E) regarding SIMPLE retirement accounts is $12,500 for 2018 and 2017.   

The taxable wage base for Social Security is $128,700 for 2018 and $127,200 for 2017.

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