Annual Plan Limits
Please see the table below.
| 2018 | 2017 | 2015-2016* | ||
|---|---|---|---|---|
| Compensation | $275,000 | $270,000 | $265,000 | |
| Limits on benefits and contributions: | ||||
| Defined Contribution Plans | $55,000 | $54,000 | $53,000 | |
| Defined Benefit Plans | $220,000 | $215,000 | $210,000 | |
| 401(k), 403(b) and 457 Plan Elective Deferrals | $18,500 | $18,000 | $18,000 | |
| SIMPLE Plan Elective Deferrals | $12,500 | $12,500 | $12,500 | |
| IRA | $5,500 | $5,500 | $5,500 | |
| Catch-up Contributions: | ||||
| 401(k), 403(b) and 457 Plans | $6,000 | $6,000 | $6,000 | |
| SIMPLE Plans | $3,000 | $3,000 | $3,000 | |
| IRA | $1,000 | $1,000 | $1,000 | |
| "Highly Compensated" Definition | $120,000 | $120,000 | $120,000 | |
| "Key Employee" Definition: | ||||
| Officer | $175,000 | $175,000 | $170,000 | |
| 1% Owner | $150,000 | $150,000 | $150,000 | |
| Social Security: | ||||
| Taxable Wage Base | $128,400 | $127,200 | $118,500 | |
| Social Security Tax Rate | 6.20% | 6.20% | 6.20% | |
| Medicare Tax Rate | 1.45% | 1.45% | 1.45% | |
| Combined Tax Rate | 7.65% | 7.65% | 7.65% | |
*The 2015 limits remained unchanged for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment.