401k Contribution Limits & More | Alerus Retirement Resources

Retirement Plan Resources

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Annual Plan Contribution Limits

See the chart below to determine the current contribution and deferral limits for 401(k), 403(b) and other qualified retirement plans.

 
  2018 2017 2016 2015
401(k) & 403(b) Elective Deferrals 18,500 18,000
18,000
18,000
Catch-up Elective Deferrals 6,000 6,000 6,000 6,000
Defined Benefit Plan Benefit 220,000 215,000 210,000 210,000
Defined Contribution Plan Annual
Contributions

55,000 54,000 53,000 53,000
Annual Compensation Limit 275,000 270,000 265,000 265,000
Highly Compensated Employee 120,000 120,000 120,000 120,000
SIMPLE Plan Deferral 12,500 12,500 12,500 12,500
SIMPLE Plan Catch-up Elective
Deferrals

3,000 3,000 3,000 3,000
SEP Coverage 600 600 600 600
SEP Compensation 275,000 270,000 265,000 265,000
ESOP Threshold Account Balance 1,105,000 1,080,000 1,070,000 1,070,000
Social Security Tax Wage Base 128,700 127,200
118,050
118,050




 
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