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2017 Retirement Plan Limits

Posted by Paul D. Woodard | Dec 09, 2016 | 0 Comments

On October 27, 2016, the Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2017 tax year.

401(k) Plan Limits for Year

2017

2016

2015

401k Elective Deferrals

$18,000

$18,000

$18,000

Annual Defined Contribution Limit

$54,000

$53,000

$53,000

Annual Compensation Limit

$270,000

$265,000

$265,000

Catch-Up Contribution Limit

$6,000

$6,000

$6,000

Highly Compensated Employees

$120,000

$120,000

$120,000

Non-401(k) Retirement Plan Limits

2017

2016

2015

403(b)/547 Elective Deferrals

$18,000

$18,000

$18,000

SIMPLE Employee Deferrals

$12,500

$12,500

$12,500

SIMPLE Catch-Up Deferral

$3,000

$3,000

$3,000

SEP Minimum Compensation

$600

$600

$600

SEP Annual Compensation Limit

$270,000

$265,000

$265,000

Social Security Wage Base

$127,200

$118,500

$118,500

About the Author

Paul D. Woodard

Paul Woodard practices in the areas of Employee Benefits, Employee Stock Ownership Plans, Pension and Profit Sharing Plans, ERISA, ERISA Litigation, Business Law, Qualified Domestic Relations Orders (QDROs), and Estate Planning.

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