Dollar Limits on Compensation and Benefits Announced

Share Button

The Internal Revenue Service has announced the 2017 cost-of-living adjustments for various limits affecting employee benefit plans with very little change. The more common limits are detailed below for both 2016 and 2017.

<td …read more

Read more here:: Beyond The Numbers

About Carrie Sherreard

Carrie Sherreard has written 65 post in this blog.

Share Button

2017

2016

401(k) & 403(b) Elective Deferrals

$18,000

$18,000

Catch-Up Contribution for Participants Age 50 and above

$6,000

$6,000

Defined Contribution Plans-IRC 415 (Including SEP and Keogh Plans)

$54,000

$53,000

Maximum Benefit for Defined Benefit Plans *This is not the maximum contribution, it is the maximum benefit that can be funded.

$215,000

$210,000

SIMPLE Retirement Plans Elective Deferrals

$12,500

$12,500

Catch-Up Contribution for Participants Age 50 and above

$3,000

$3,000

October 2016
M T W T F S S
« Sep   Nov »
 12
3456789
10111213141516
17181920212223
24252627282930
31