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 2018 2017 2016 2015 2014
Taxable Wage Base $128,400 $127,200 $118,500 $118,500 $117,000
Medicare Taxable Wage Base No Limit No Limit No Limit No Limit No Limit
Defined Benefit Limit $220,000 $215,000 $210,000 $210,000 $210,000
Compensation Limit $275,000 $270,000 $265,000 $265,000 $260,000
SEP Coverage $600 $600 $600 $550 $550
Key Employee 2018 2017 2016 2015 2014
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 2018 2017 2016 2015 2014
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 2018 2017 2016 2015 2014
Defined Contribution Limit $55,000 $54,000 $53,000 $52,000 $51,000
For Calendar Year 2018 2017 2016 2015 2014
401(k) Deferral Limit $18,500 $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…