Retirement Plan Contribution Caps: 2016 vs. 2017


Type of Election
2016 Maximum 2017 Maximum
Elective deferrals to 401(k), 403(b) and 457(b) plans $18,000 $18,000
Annual benefit for defined benefit plans $210,000 $215,000
Contributions to defined contribution plans $53,000 $54,000
Contributions to SIMPLEs $12,500 $12,500
Contributions to IRAs $5,500 $5,500
Catch-up contributions to 401(k), 403(b) and 457(b) plans $6,000 $6,000
Catch-up contributions to SIMPLEs $3,000 $3,000
Catch-up contributions to IRAs $1,000 $1,000
Compensation for benefit purposes for qualified plans and SEPs $265,000 $270,000
Minimum compensation for SEP coverage $600 $600
Highly compensated employee threshold $120,000 $120,000

© 2017

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