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Employee Benefits Update: IRS Benefit Plan Limitations 2018

tax forms Tax forms background - Buelow Vetter Buikema Olson & Vliet

Earlier this week, the Internal Revenue Service issued the various retirement plan limitations for 2018. There are changes to some of the most important numbers from 2017:

  • Elective Deferral Limit $18,500
  • Catch-Up Contributions $6,000
  • 415 (Total) Plan Limit $55,000
  • Compensation Limit $275,000

See an up-to-date chart that shows the historical limits from 2014 through 2018, and a reference to the IRS sources.

 2018 IRS Update to Benefit Plan Limitations Chart (00417936xBE4A3) - Buelow Vetter Buikema Olson & Vliet

For more information regarding these updates, please contact Matthew J. Flanary at (262) 364-0253 or at mflanary@buelowvetter.com.

 

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