2018 Employee Benefit Plan Limits

The IRS recently released employee benefit plan limits for 2018. There are several changes for 2018.

PLAN LIMITATIONS

2016

2017

2018

Annual Compensation Limit $265,000 $270,000 $275,000
Defined Contribution Maximum Annual Contribution $53,000 $54,000 $55,000
Annual §401(k) Employee Deferral Limit $18,000 $18,000 $18,500
Age 50 Catch-up Contributions to §401(k) Plan $6,000 $6,000 $6,000
Highly Compensated Employee Threshold $120,000 $120,000 $120,000
Income subject to Social Security Wage Base $118,500 $127,200 $128,700

Please share this information with your payroll personnel so they are aware of these limits.

This information is always available on our website under the Toolkit tab at Benefit Plan Limits.