2017 IRS Limits for Qualified Retirement Plans
| 2016 | 2017 | |
|---|---|---|
| 401(k) / 403(b) Deferral Limit The maximum contribution to a 401(k) or 403(b) plan in 2016. |
$18,000 | $18,000 |
| Catch Up Contribution The additional contribution allowed to a 401(k) or 403(b) plan for those who are 50 or will turn 50 in 2016. |
$6,000 | $6,000 |
| Highly Compensated Employees Contributions by highly compensated employees are limited by discrimination testing. Employees are designated highly compensated if their compensation in the prior year is greater than the threshold. |
$120,000 | $120,000 |
| Annual Compensation Limit The maximum annual contribution used for plan purposes. |
$265,000 | $270,000 |
| Simple Plan Deferral Limit | $12,500 | $12,500 |
| Social Security Wage Base | $118,500 | $127,200 |
| Total Contribution Limit The maximum contribution that an individual can receive during the year, considering all sources (deferral, match, profit sharing, safe harbor, etc.) |
$53,000 | $54,000 |
| Defined Benefit Limit | $210,000 | $215,000 |
