Annual Limits

 

COST-OF-LIVING ADJUSTMENTS TO DOLLAR LIMITS
UNDER EMPLOYEE BENEFIT PLANS

 

ITEM

2015

2016

2017

 

DEFINED CONTRIBUTION – DOLLAR LIMIT

$53,000

$53,000

$54,000

 

DEFINED BENEFIT – DOLLAR LIMIT

210,000

210,000

215,000

 

MAXIMUM COMPENSATION

265,000

265,000

270,000

 

401(k) & 403(b) DEFERRALS/CATCH-UP CONTRIBUTIONS

18,000/6,000

18,000/6,000

18,000/6,000

 

457 DEFERRAL/CATCH-UP CONTRIBUTIONS

18,000/6,000

18,000/6,000

18,000/6,000

 

SIMPLE DEFERRALS/CATCH-UP CONTRIBUTIONS

12,500/3,000

12,500/3,000

12,500/3,000

 

HIGHLY COMPENSATED EMPLOYEE

120,000

120,000

120,000

 

KEY EMPLOYEE-OFFICER

170,000

170,000

175,000

 

SOCIAL SECURITY TAXABLE WAGE BASE

118,500

118,500

127,200