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Contribution Limits

Annual Dollar Limits

The table below shows the dollar limitations that affect qualified plans.

Description 2017     2018
IRA $5,500     $5,500
IRA Catch-up (50 or older) $1,000     $1,000
401(k), 403(b) & 457 Deferrals $18,000     $18,500
401(k), 403(b) & 457 Catch-up $6,000     $6,000
SIMPLE Deferrals $12,500     $12,500
SIMPLE Catch-up $3,000     $3,000
Section 415 Limit $54,000     $55,000
Defined Benefit Limit $215,000     $220,000
Compensation Limit $270,000     $275,000
HCE Comp Limit $120,000     $120,000
Key Employee Officer $175,000     $175,000
   

IRS COLA Increases for Dollar Limitations on Benefits and Contributions