The IRS has released the Annual Plan Limitations for 2018 for defined contribution and defined benefit plans. The 403(b), 457(b), & 401(k) elective deferral limits and other key limits for 2018 are listed below. For the list of all limits for 2018, please go to the IRS website:
- IRS announcement about the 2018 limits, IR-2017-64 — https://www.irs.gov/pub/irs-drop/n-17-64.pdf
| 2017 Limits | 2018 Limits | |
| Employee Elective Deferrals to the 403(b), 457(b) and 401(k) Plans | $18,000 | $18,500 |
| Catch-Up Contributions (Age 50 or older) to the 403(b), 457(b) and 401(k) Plans (unchanged) | $6,000 | $6,000 |
| Annual Addition Dollar Maximum (applies to Employer-paid 401(a), 403(b) and 401(k) Plans) |
$54,000 | $55,000 |
| Defined Benefit Dollar Maximum | $215,000 | $220,000 |
| Highly Compensated Employee Threshold (unchanged; applies mainly to 401(k) Plans) |
$120,000 | $120,000 |
| Key Employee Threshold (unchanged, applies mainly to 401(k) Plans) |
$175,000 | $175,000 |
| Annual Compensation (applies to almost all retirement plans) |
$270,000 | $275,000 |
| Annual IRA contribution (unchanged) | $5,500 | $5,500 |
| IRA catch-up contributions (age 50 and older; unchanged) | $1,000 | $1,000 |
Please contact Lindsey Alston, Sr. Regulatory and Compliance Specialist, at (512) 600-5270 or by email at lalston@tcgservices.com if you have questions regarding the limits.
TCG Administrators