IRS Limits for Qualified Retirement Plans

IRS updated cost-of-living adjustments (COLAs) applicable to contribution limitations for qualified retirement plans.

For Plan Years Beginning In 2017 2016 2015 2014 2013
Taxable Wage Base $127,200 $118,500 $118,500 $117,000 $113,700
Medicare Taxable Wage Base No Limit No Limit No Limit No Limit No Limit
Defined Benefit Limit $215,000 $210,000 $210,000 $210,000 $205,000
Compensation Limit $270,000 $265,000 $265,000 $260,000 $255,000
SEP Coverage $600 $600 $600 $550 $550
Key Employee 2017 2016 2015 2014 2013
Officer Compensation Exceeding $175,000 $170,000 $170,000 $170,000 $165,000
A more than 1% Owner Compensation Exceeding $150,000 $150,000 $150,000 $150,000 $150,000
A more than 5% Owner - - - - -
Highly Compensated Employees 2017 2016 2015 2014 2013
Compensation Exceeding $120,000 $120,000 $120,000 $115,000 $115,000
Top Paid Group and Compensation Exceeding $120,000 $120,000 $120,000 $115,000 $115,000
A more than 5% Owner - - - - -
For Plan Years Ending In 2017 2016 2015 2014 2013
Defined Contribution Limit $54,000 $53,000 $53,000 $52,000 $51,000
For Calendar Year 2017 2016 2015 2014 2013
401(k) Deferral Limit $18,000 $18,000 $18,000 $17,500 $17,500
401(k) “Catch-Up” Contribution * $6,000 $6,000 $6,000 $5,500 $5,500
Simple Deferral Limit $12,500 $12,500 $12,500 $12,000 $12,000
Simple “Catch-Up” Contribution $3,000 $3,000 $3,000 $2,500 $2,500

* Applies to Participants who have their 50th birthday (or older) during the calendar year. Read more…