Retirement Plan Limits For The Tax Year 2017

Posted by Employer Flexible on August 14, 2017
Employer Flexible

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