The Internal Revenue Service has announced inflation-adjusted retirement plan limits for 2018. These limits are commonly used in the administration of retirement plans.
| Category | 2018 | 2017 |
|---|---|---|
| Elective Deferral Limit for 401(k) and 403(b) Plans IRC402(g) | $18,500 | $18,000 |
| Annual Additions Limit for Defined Contribution Plans IRC415(c) | $55,000 | $54,000 |
| Limit on Annual Benefits for Defined Benefit Plan IRC415(b) | $220,000 | $215,000 |
| Catch-up Contribution Limit IRC414(v) | $6,000 | $6,000 |
| Annual Compensation Limit IRC401(a)(17) | $275,000 | $270,000 |
| Highly Compensated Employee Limit IRC414(q) | $120,000 | $120,000 |
| Key Employee Determination Limit IRC416(i) | $175,000 | $175,000 |
| SIMPLE Retirement Plan Contribution Limit IRC408(p) | $12,500 | $12,500 |
| Social Security Wage Base (Old Age, Survivors) | $128,700 | $127,200 |
| Medicare Wage Base | No Limit | No Limit |