RETIREMENT PLAN BENEFITS AND LIMITS FOR 2018

Published on October 27, 2017.
RETIREMENT PLAN BENEFITS AND LIMITS
Type 2017 2018
Traditional and Roth IRA contribution $5,500 $5,500
Traditional and Roth IRA catch-up contribution $1,000 $1,000
SIMPLE IRA and SIMPLE 401(k) salary deferral $12,500 $12,500
SIMPLE IRA and SIMPLE 401(k) catch-up contribution (50 years old & above) $3,000 $3,000
401(k), 403(b), 457(b), and SARSEP salary deferral contribution $18,000 $18,500
401(k), 403(b), 457(b), and SARSEP catch-up contribution (50 years old & above) $6,000 $6,000
SEP minimum compensation $600 $600
SEP maximum compensation $270,000 $275,000
Retirement Savings Contribution Credit
                   Married filing jointly $62,000 $63,000
                   Married filing separately and Single $31,000 $31,500
                   Head of Household $46,500 $47,250
Roth IRA eligibility compensation Married filing jointly 100% $186,000 or less $189,000 or less
Partial $186,000 – $196,000 $189,000 – $199,000
None $196,000 or more $199,000 or more
Married filing separately Partial Less than $10,000 Less than $10,000
None $10,000 or more $10,000 or more
100% $118,000 or less $120,000 or less
Single/Head of Household Partial $118,000 – $133,000 $120,000 – $135,000
None $133,000 or more $135,000 or more
IRA deductibility compensation Married filing jointly 100% $99,000 or less $101,000 or less
Partial $99,000 – $119,000 $101,000 – $121,000
None $119,000 or more $121,000 or more
Married filing Partial Less than $10,000 Less than $10,000
 separately None $10,000 or more $10,000 or more
100% $62,000 or less $63,000 or less
Single/Head of Household Partial $62,000 – $72,000 $63,000 – $73,000
None $72,000 or more $73,000 or more
Annual addition/contribution limit under a defined contribution plan or SEP IRA $54,000 $55,000
Annual benefit under a defined benefit plan $215,000 $220,000
Compensation cap $270,000 $275,000
Key Employee definition $175,000 $175,000
Highly compensated employee definition $120,000 $120,000
Social Security (FICA) wage base $127,200 $128,700

Quick Contact

If you would like a representative to discuss how we can help you, please fill out the form below or click here for contact information.