Statutory Contribution Limits

The Internal Revenue Service recently announced the 2018 cost-of-living and required statutory limit adjustments applicable to retirement plans. The following limits become effective on January 1, 2018.

 

Annual Limit per Individual

2017 2018

Elective deferral limit under Code § 402(g)

$18,000

$18,500

Age 50 catch-up contribution limit under Code § 414(v)

$6,000

$6,000

Contributions to a defined contribution plan
the lesser of 100% of compensation or:

$54,000

$55,000