10/27/2016

2017 Cost of Living Adjustments Announced

The Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. Today, the Internal Revenue Service announced the 2017 cost-of-living adjustments affecting dollar limitations for qualified retirement plans, listed below. Elective deferral limits are unchanged, but several other limits have been increased.

For a historical chart of the applicable dollar limitations since 1984, click here.

For questions about the qualified plan limitations or any other benefits questions, contact a member of Holland & Hart's Benefits Law Group.

401(k), 403(b), Profit-Sharing Plans, etc.
2017 2016 2015
Annual Compensation 270,000 265,000 265,000
Elective Deferrals 18,000 18,000 18,000
Catch-up Contributions 6,000 6,000 6,000
Defined Contribution Limits 54,000 53,000 53,000
ESOP Limits 1,080,000
215,000
1,070,000
210,000
1,070,000
210,000
 
HCE Threshold 120,000 120,000 120,000
Defined Benefit Limits 215,000 210,000 210,000
Key Employee 175,000 170,000 170,000
457 Elective Deferrals 18,000 18,000 18,000
Taxable Wage Base 127,200 118,500 118,500
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