Contribution Limits 2017-2018
Limits for Qualified Defined Contribution Plans
| Calendar Year | ||
| 2017 | 2018 | |
| Employee Salary Deferral Limit to 401(k) Plans Employee Catch-up Elective Contributions |
$18,000 $6,000 |
$18,500 $6,000 |
| Employee Salary Deferral Limit to SIMPLE 401(k) Plans Employee Catch-up Elective Contributions |
$12,500 $3,000 |
$12,500 $3,000 |
| Employee Salary Deferral Limit to 403(b) Plans Employee Catch-up Elective Contributions |
$18,000 $6,000 |
$18,500 $6,000 |
| Defined Contribution Maximum Annual Addition (IRC § 415 (c)) |
$54,000 | $55,000 |
| Definition of Highly Compensated Employees: Employee Compensation Exceeding (Prior Year) An employee owning more than (current and prior year) |
$120,000 5% |
$120,000 5% |
| Definition of Key Employees: Officers Earning in Excess of A more than 1% Owner Earning in Excess of An employee owning more than |
$175,000 $150,000 5% |
$175,000 $150,000 5% |
| FICA Taxable Wage Base | $127,200 | $128,700 |
| Maximum Compensation Limit | $270,000 | $275,000 |
| Employer’s Deductible Contributions | 25% | 25% |