Annual Plan Limits Chart

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Annual Plan Limits Chart 2017-10-23T10:33:22+00:00
 2018201720162015
Compensation*$275,000$270,000$265,000$265,000
Limits on Benefits and Contributions*
Defined contribution plans
$55,000$54,000$53,000$53,000
Cash Balance/Defined benefit plans
$220,000$215,000$210,000$210,000
401(k), 403(b) and 457 plan elective deferrals
$18,500$18,000$18,000$18,000
SIMPLE plan elective deferrals
$12,500$12,500$12,500$12,500
IRA
$5,500$5,500$5,500$5,500
Catch-up Contributions
401(k), 403(b) and 457 plans
$6,000$6,000$6,000$6,000
SIMPLE plans
$3,000$3,000$3,000$3,000
IRA
$1,000$1,000$1,000$1,000
“Highly Compensated” definition*$120,000$120,000$120,000$120,000
“Key Employee” definition
Officer*
$175,000$175,000$170,000$170,000
1% owner*
$150,000$150,000$150,000 $150,000
Social Security
Taxable wage base
$128,700$127,200$118,500$118,500
Social Security tax rate
6.20%6.20%6.20%6.20%
Medicare tax rate
1.45%1.45%1.45%1.45%
Combined tax rate
7.65%7.65%7.65%7.65%
Section 132
Mass Transit (monthly)
$260$255$255**$250**
Parking (monthly)
$260$255$255$250
Section 125
Dependent Care (per family)
$5,000$5,000$5,000$5,000
Health Care (per person)
$2,650$2,600$2,550$2,550
Health Savings Accounts (HSA)
Contribution Limit
(Individual)
$3,450 $3,400
Contribution Limit
(Family)
$6,900$6,750
Catch-up Contributions
$1,000$1,000
HDHP minimum deductible
(Individual)
$1,350$1,300
HDHP minimum deductible
(Family)
$2,700$2,600
Maximum Out-of-Pocket
Expenses (Individual)
$6,650 $6,550
Maximum Out-of-Pocket
Expenses (Family)
$13,300$13,100

*For Plans that are on an off-calendar year, compensation is based on the annual limits in effect at the beginning of the Plan Year while contribution limits are based on the annual limits in effect at the end of the Plan Year.

**Changed as part of the Consolidated Appropriations Act signed on December 18, 2015.