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IRS Limits
FOR PLAN YEARS BEGINNING IN
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Taxable Wage Base |
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Medicare Taxable Wage Base |
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Defined Benefit Limit |
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Compensation Limit |
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SEP Coverage |
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Key Employee - Officer Over |
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HCE THRESHOLDS |
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Compensation Over |
$110,000
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$105,000
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$100,000
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$100,000
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$95,000
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Top Paid Group and Over |
$110,000
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$105,000
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$100,000
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$100,000
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$95,000
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FOR PLAN YEARS ENDING IN |
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Defined Contribution Limit
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FOR CALENDAR YEAR |
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401(k) Deferral Limit |
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401(k) "Catch-Up" Contribution * |
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Simple Deferral Limit |
$11,500 |
$10,500 |
$10,500 |
$10,000 |
$10,000 |
Simple "Catch-up" Cont. |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,000 |
* Applies to Participants who have their 50th birthday (or older) during the calendar year.
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