On October 27, 2017, the IRS announced cost of
living adjustments affecting dollar limitations for retirement related items for tax year 2017.
Here are the Highlights!
CHART OF SELECT LIMITS
401k Limits For Year
2017
2016
401k Elective Deferrals
$18,000
$18,000
Annual Defined Contribution Limit
$54,000
$53,000
Annual Compensation Limit
$270,000
$265,000
Catch-Up Contribution Limit
$6,000
$6,000
Highly Compensated Employees
$120,000
$120,000
Non-401k Related Limits
2017
2016
Social Security (OASDI Only)
$127,200
$118,500
Questions? Email 401k@www.employerflexible.com or call us at 1.866.501.4942
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