The IRS has announced the 2017 cost-of-living adjustments (COLAs) to applicable dollar limitations for retirement plans. Please contact your Vanguard Retirement Plan access Client Service Team if you have questions about the adjustments.
Retirement Plan
Limitation
|
2016
|
2017
|
402(g)(1)
salary deferral limit
|
$18,000
|
$18,000
|
Catch-up
contribution
|
$6,000
|
$6,000
|
415(c)(1)(A)
annual additions limit (defined contribution plans)
|
$53,000
|
$54,000
|
415(b)(1)(A)
annual benefit limit (defined benefit plans)
|
210,000
|
215,000
|
Key
Employee Officer amount
|
$170,000
|
$175,000
|
Highly
Compensated Employee (HCE)
|
$120,000
|
$120,000
|
SIMPLE
plan salary deferral limit
|
$12,500
|
$12,500
|
SIMPLE
plan catch-up contribution
|
$3,000
|
$3,000
|
Annual
compensation cap
|
$265,000
|
$270,000
|
Social
Security taxable wage base
|
$118,500
|
$127,200
|
SEP
plan minimum compensation amount
|
$600
|
$600
|
