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2017 IRS Limits Applicable to Retirement Plans

2017 IRS Limits Applicable to Retirement Plans

Certain IRS limits related to payroll and retirement plans change annually; however, for 2017 several limits have stayed the same. Below is a table of those limits for 2016 and 2017.


401(K), SEP and 403(b) tax-sheltered annuity plan elective deferrals $18,000 $18,000
Additional catch-up contributions for individuals over age 50 $6,000 $6,000
IRA contribution limit for individuals who are not active in another plan $5,500 $5,500
Additional IRA catch-up contributions for individuals over age 50 $1,000 $1,000
Employee annual compensation limit to be taken into account by plan $265,000 $270,000
Annual additions under defined contribution plan may not exceed the lesser of 100% of the participant’s compensation or: $53,000 $54,000
Social security tax wage limit $118,500 $127,200

Plan sponsors would be well advised to check with their payroll and other service providers to assure that these IRS limits are properly applied for the 2017 year.

Related Resource

If you need more information regarding the limits noted above, please see COLA Increases for Dollar Limitations on Benefits and Contributions.


The information contained herein is not necessarily all inclusive, does not constitute legal or any other advice, and should not be relied upon without first consulting with appropriate qualified professionals for your plan’s individual facts and circumstances.

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