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2017 Pension Plan Limitations

The Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. IRC Section 415 requires the limits to be adjusted annually for cost-of-living increases.


Description of Limit 2017 2016

401(k) Elective Deferrals  $ 18,000 $ 18,000
403(b)/457 Elective Deferrals $ 18,000 $ 18,000
Annual Compensation Limits $ 270,000 $ 265,000
Annual Defined Contribution Limits $ 54,000 $ 53,000
Catch-up Contributions $ 6,000 $ 6,000
Highly Compensated Employees $ 120,000 $ 120,000
Social Security Wage Base $ 127,200 $ 118,500
Source: Internal Revenue Service.