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.

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