STANDARDS…NO COMPROMISE!
Annual Plan Limits 2017 2016 2015
Compensation $270,000.00 $265,000.00 $265,000.00
Limits on benefits and contributions:
Defined contribution plans $54,000.00 $53,000.00 $53,000.00
Defined benefit plans $215,000.00 $210,000.00 $210,000.00
401(k), 403(b) and 457 plan elective deferrals $18,000.00 $18,000.00 $18,000.00
SIMPLE plan elective deferrals $12,500.00 $12,500.00 $12,500.00
IRA $5,500.00 $5,500.00 $5,500.00
Catch-up contributions:
401(k), 403(b) and 457 plans $6,000.00 $6,000.00 $6,000.00
SIMPLE plans $3,000.00 $3,000.00 $3,000.00
IRA $1,000.00 $1,000.00 $1,000.00
"Highly Compensated" definition $120,000.00 $120,000.00 $120,000.00
"Key Employee" definition:
Officer $175,000.00 $170,000.00 $170,000.00
1% owner $150,000.00 $150,000.00 $150,000.00