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EMPLOYEE BENEFITS UPDATE: IRS Retirement Plan Limitations
October 28, 2016
Earlier this week, the Internal Revenue Service issued the various retirement plan limitations for 2017. There are only a few changes to the most important numbers from 2016, including:
- Elective Deferral Limit $18,000
- Catch-Up Contributions $6,000
- 415 (Total) Plan Limit $54,000
- Compensation Limit $270,000
See an up-to-date chart that shows the historical limits from 2013 through 2017, and a reference to the IRS sources.
Learn More About Retirement Plan Limitations for 2017
For more information regarding these updates, please contact Matthew J. Flanary at 262-364-0253 or at email@example.com.