Section 415(d) of the Internal Revenue Code requires that the Commissioner annually examine the dollar limitations on benefits and contributions under qualified retirement plans for cost-of-living increases. Please reference the charts below with the updated IRS limits for 2018.


IRS Cost-of-Living Adjustments for 2017 – 2018
IRS Limit

2018

2017

401(k), SARSEP & 403(b) Plan Deferral Limits

$18,500 / $6,000* Catch-up

$18,000 / $6,000 Catch-up

457 Plan Deferral Limit

$18,500 / $6,000* Catch-up

$18,000 / $6,000 Catch-up

SIMPLE IRA Plan Deferral Limits

$12,500* / $3,000* Catch-up

$12,500 / $3,000 Catch-up

Defined Contribution Dollar Limit

$55,000

$54,000

Defined Benefit Dollar Limit

$220,000

$215,000

Section 401(a)(17) Compensation Limit

$275,000

$270,000

Highly Compensated Employee Compensation

$120,000*

$120,000

Key Employee Officer Compensation

$175,000*

$175,000

*Unchanged from 2017 limits.

Social Security Cost-of-Living Adjustments for 2017 – 2018
IRS Limit

2018

2017

Social Security Taxable Wage Base

$128,700

$127,200

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