The IRS has released the 2018 contribution limits! Both the 401(k) deferral limit and overall contribution/benefit limits increased, as did the maximum compensation limit. Most of the others remain unchanged from their 2017 levels. Are you curiuos to see the changes over time? We have also updated our table of retirement plan limits over history. Below is a quick overview of the 2018 retirement plan limits: Compensation and Benefit Limits Annual compensation limit increases from $270,000 to $275,000 Salary deferral limit for 401(k), 403(b), and 457 plans increases from $18,000 to $18,500 Salary deferral limit for SIMPLE IRAs remains unchanged at $12,500 Salary deferral limit for 457 plans increases from $18,000 to $18,500 Catch-up contribution limit for 401(k) plans remains unchanged at $6,000 Catch-up contribution limit for SIMPLE IRAs remains unchanged at $3,000 Annual additions limit for defined contribution plans increases from $54,000 to $55,000 Annual additions limit for defined benefit plans increases from $215,000 to $220,000 Social Security Wage Base increases from $127,200 to $128,700 Plan Compliance Limits Highly compensated employee remains unchanged at $120,000 Key employee based on officer status remains unchanged at $175,000 Key employee based on 1% owner compensation remains unchanged at $150,000 Existing clients are invited to contact their account manager to see how these limits may impact their organizations for 2018. Prospective clients and professional advisers are welcome to call our professional service sales team to request benefit illustrations or service proposals.