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2018 cost-of-living adjustments for various retirement plan dollar limits

  • December 19, 2017 by hamiltontharp
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The IRS recently announced the 2018 cost-of-living adjustments for various retirement plan dollar limits.

The indexed amounts, and other commonly used limits, are listed below:

2018 2017 2016

IRAs
IRA Contribution Limit $5,500 $5,500 $5,500
IRA Catch-Up Contributions 1,000 1,000 1,000

IRA AGI Deduction Phase-out Starting at
Joint Return 101,000 99,000 98,000
Single or Head of Household 63,000 62,000 61,000

SEP
SEP Minimum Compensation 600 600 600
SEP Maximum Contribution 55,000 54,000 53,000
SEP Maximum Compensation 275,000 270,000 265,000

SIMPLE Plans
SIMPLE Maximum Contributions 12,500 12,500 12,500
Catch-up Contributions 3,000 3,000 3,000

401(k), 403(b), Profit-Sharing Plans, etc.
Annual Compensation 275,000 270,000 265,000
Elective Deferrals 18,500 18,000 18,000
Catch-up Contributions 6,000 6,000 6,000
Defined Contribution Limits 55,000 54,000 53,000
ESOP Limits

1,105,000

220,000

1,080,000

215,000

1,070,000

210,000

Other
HCE Threshold 120,000 120,000 120,000
Defined Benefit Limits 220,000 215,000 210,000
Key Employee 175,000 175,000 170,000
457 Elective Deferrals 18,500 18,000 18,000
Control Employee (board member or officer) 110,000 105,000 105,000
Control Employee (compensation-based) 220,000 215,000 215,000
Taxable Wage Base 128,400 127,200 118,500
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