The table below summarizes retirement plan contribution limits for 2017 and 2018. Please contact us if you have any questions or would like to schedule an appointment.
| 401K Plan Limits | 2018 | 2017 |
|---|---|---|
| 401k Elective Deferrals | $18,500 | $18,000 |
| Annual Defined Contribution Limit | $55,000 | $54,000 |
| Annual Compensation Limit | $275,000 | $270,000 |
| Catch-Up Contribution Limit | $6,000 | $6,000 |
| Highly Compensated Employees | $120,000 | $120,000 |
| Non-401k Related Limits | 2018 | 2017 |
| 403b/457 Elective Deferrals | $18,500 | $18,000 |
| SIMPLE Employee Deferrals | $12,500 | $12,500 |
| SIMPLE Catch-Up Deferral | $3,000 | $3,000 |
| SEP Minimum Compensation | $600 | $600 |
| SEP Annual Compensation Limit | $275,000 | $270,000 |
| Social Security Wage Base | $128,700 | $127,200 |