2018 Plan Limits
The Internal Revenue Service has announced 2018 Pension Plan Limitations. Among other changes, the contribution limit for employees who participate in a 401(k) or 403(b) plan increased from $18,000 to $18,500.
|
Category
|
2018
|
| Elective Deferral Limit for 401(k) and 403(b) Plans |
$18,500
|
| 415 Annual Additions Limit for Defined Contribution Plans |
$55,000
|
| 415 Limit on Annual Benefits for Defined Benefit Plans |
$220,000
|
| Catch-up Contribution Limit |
$6,000
|
| Annual 401(a)(17) Compensation Limit |
$275,000
|
| Highly Compensated Employee Limit |
$120,000
|
| SIMPLE Retirement Plan Contribution Limit |
$12,500
|