Compensation |
$345,000 |
$330,000 |
$305,000 |
$290,000 |
$285,000 |
Limits on Benefits and Contributions |
|
|
|
|
|
Defined Contribution Plans |
$69,000 |
$66,000 |
$61,000 |
$58,000 |
$57,000 |
Defined Benefit Plans |
$275,000 |
$265,000 |
$245,000 |
$230,000 |
$230,000 |
401(k), 403(b), and 457 Plan Elective Deferrals |
$23,000 |
$22,500 |
$20,500 |
$19,500 |
$15,000 |
SIMPLE Plan Elective Deferrals |
$16,000 |
$15,500 |
$14,000 |
$13,500 |
$13,500 |
IRA |
$7,000 |
$6,500 |
$6,000 |
$6,000 |
$6,000 |
Catch-up Contributions |
|
|
|
|
|
401(k), 403(b), and 457 Plans |
$7,500 |
$7,500 |
$6,500 |
$6,500 |
$6,000 |
SIMPLE Plans |
$3,500 |
$3,500 |
$3,000 |
$3,000 |
$3,000 |
IRA |
$1,000 |
$1,000 |
$1,000 |
$1,000 |
$1,000 |
“Highly Compensated” Definition |
$155,000 |
$150,000 |
$135,000 |
$130,000 |
$130,000 |
“Key Employee” Definitions: |
|
|
|
|
|
Officer |
$220,000 |
$215,000 |
$200,000 |
$185,000 |
$185,000 |
1% Owner |
$150,000 |
$150,000 |
$150,000 |
$150,000 |
$150,000 |
Social Security Taxable Wage Base |
$168,600 |
$160,200 |
$147,000 |
$142,800 |
$137,700 |