DWC ERISA Consultants

Upcoming Events/Where We'll Be

 

Limit Pro-Rate for
Short Year*
2017 2016 2015
COMPENSATION/BENEFIT LIMITS
Annual Compensation Yes $270,000 $265,000 $265,000
Minimum Compensation - SEP No $600 $600 $600
Elective Deferrals - 401(k) No $18,000 $18,000 $18,000
Elective Deferrals - SIMPLE No $12,500 $12,500 $12,500
Elective Deferrals - 457 No $18,000 $18,000 $18,000
Catch-Up Contributions - 401(k) No $6,000 $6,000 $6,000
Catch-Up Contributions - SIMPLE No $3,000 $3,000 $3,000
415 Limit - Defined Benefit Plans Yes $215,000 $210,000 $210,000
415 Limit - Defined Contribution Plans Yes $54,000 $53,000 $53,000
Social Security Wage Base Yes $127,200 $118,500 $118,500
TESTING LIMITS
HCE Determination - Compensation No $120,000 $120,000 $120,000
Key Employee - Officer Compensation No $175,000 $170,000 $170,000
Key Employee - 1% Owner Compensation No $150,000 $150,000 $150,000

*For a plan year that is less than 12 months (either due to initially establishing the plan after the first of the year or terminating a plan before the end of the year), these limits must be pro-rated based on the number of months in the short plan year. For example, a plan year that runs from January 1st through September 30th would multiply the applicable limit by 9/12.

For information regarding NON-CALENDAR PLAN YEARS, please click here.

CONTRIBUTION LIMITATIONS