Contribution Limits 2016-2017
Limits for Qualified Defined Contribution Plans
| Calendar Year | ||
| 2016 | 2017 | |
| Employee Salary Deferral Limit to 401(k) Plans Employee Catch-up Elective Contributions |
$18,000 $6,000 |
$18,000 $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 |
$18,000 $6,000 |
| Defined Contribution Maximum Annual Addition (IRC § 415 (c)) |
$53,000 | $54,000 |
| 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 1% Owners Earning in Excess of An employee owning more than |
$170,000 $150,000 5% |
$175,000 $150,000 5% |
| FICA Taxable Wage Base | $118,500 | $127,200 |
| Maximum Compensation Limit | $265,000 | $270,000 |
| Employers Deductible Contributions | 25% | 25% |