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RETIREMENT PLAN DOLLAR-LIMITS

   

2017

2016

Individual Retirement Account

  maximum current contribution $5,500 $5,500
  age 50 catch-up contribution limit $1,000 $1,000

Defined Contribution Plans

  25% of compensation to maximum annual contribution of $54,000 $53,000

Defined Benefit Plans

  limitation on annual benefit is: $215,000 $210,000

SIMPLE Salary Deferred Plans

  maximum annual deferral by employee: $12,500 $12,500
  age 50 catch-up contribution limit $3,000 $3,000

401(k) Elective Deferral Plans

  maximum annual deferral by employee: $18,000 $18,000
  age 50 catch-up contribution limit $6,000 $6,000

403(b) Elective Deferral Plans

  maximum annual deferral by employee: $18,000 $18,000
  age 50 catch-up contribution limit $6,000 $6,000

457 Plans (Government and Tax Exempts)

  maximum annual deferral by employee: $18,000 $18,000
  age 50 catch-up contribution limit $6,000 $6,000

Simplified Employee Pensions (SEPs)

  25% of compensation up to maximum contribution of: $54,000 $53,000

Highly compensated employee threshold

  annual compensation of: $120,000 $120,000