IRS Announces 2018 Contribution Limits

Participant limits- 401(k), 403(b) plans-                                      $18,500 (from $18,000)

Catch up for these plans, over age 50                                              $ 6,000 (no change)

SIMPLE Participant Limit                                                                 $12,500 (no change)

Annual Benefit Limit                                                                           $220,000

Defined Contribution Limit                                                                $55,000 (from $54,000)

TopHeavy Key Employee                                                                    $175,000

Highly Compensated Employee                                                          $120,000

IRA Limit                                                                                                 $5,500 (unchanged)

IRA Catchup                                                                                             $1,000