COST-OF-LIVING ADJUSTMENTS
2018
|
Pension Plan and Related Limits
|
2017
|
2018
|
|
Pre-tax elective deferral maximum under IRC § 401(k),
403(b), and 457(b) plans
|
$18,000
|
$18,500
|
|
Age 50 and older “catch-up” adjustment for 401(k), 403(b),
and governmental 457(b) plans and SEPs
|
$6,000
|
$6,000
|
|
Annual compensation limit under IRC §§ 401(a)(17), 404(l) and 408(k)
|
$270,000
|
$275,000
|
|
Annual benefit limit for defined benefit plans under IRC §
415(b)
|
$215,000
|
$220,000
|
|
Annual contribution limit for defined contribution plans
under IRC § 415(c)
|
$54,000
|
$55,000
|
|
Highly compensated employee threshold for purposes of
nondiscrimination testing in the following year under IRC § 414(q)(1)(B)
|
$120,000
|
$120,000
|
|
Key employee threshold for officers for top heavy plan
under IRC § 416(i)(1)(A)(i)
|
$175,000
|
$175,000
|
|
IRC § 430(c)(7)(D)(i)(II) amount for
determining excess employee compensation for single-employer defined benefit
plans where election has been made
|
$1,115,000
|
No
longer applicable
|
|
ESOP account balance for five-year and one-year
distribution rule under IRC § 409(o)(1)(C)(ii)
|
$1,080,000
and $215,000 |
$1,105,000 and
$220,000 |
|
Minimum earnings level to qualify for SEP under IRC § 408(k)
|
$600
|
$600
|
|
SIMPLE plan elective deferral limit under IRC §
408(p)(2)(E)
|
$12,500
|
$12,500
|
|
SIMPLE plan age 50 catch-up
|
$3,000
|
$3,000
|
|
Basic IRA/Roth IRA contribution limitation under IRC §
219(b)(5)(A)/§ 408A (age 50 $1,000 catch-up for IRAs does not have
cost-of-living adjustment)
|
$5,500
|
$5,500
|
|
Phase-out for
deductions for IRA for married couples filing jointly, in which the spouse
who makes the IRA contribution is an active participant in an
employer-sponsored retirement plan
|
$99,000 to $119,000
|
$101,000 to $121,000
|
|
Adjusted gross
income (
For single filers –
|
$186,000 to $196,000
$62,000 to
$72,000
|
$189,000 to $199,000
$63,000 to
$73,000
|
|
AGI limit for
retirement savings contributions (saver's) credit for married couples filing
jointly –
For single filers
–
|
$62,000
$31,000
|
$63,000
$31,500
|
|
Health Savings Account
contribution limits (single and family)
|
$3,400 and $6,750
|
$3,450 and $6,900
|
|
PBGC guaranteed benefit (yearly)
|
$64,432
|
$65,045
|
|
PBGC flat-rate
premiums per participant for a single-employer plans
|
$69
|
$74
|
|
PBGC variable-rate
premium for single-employer plans per $1,000 of Unfunded Vested Benefits
|
$34
|
$38
|
|
PBGC (flat-rate) premiums for multiemployer plans per
participant
|
$28
|
$28
|
|
Taxable wage base subject to FICA tax
|
$127,200
|
$128,400
|
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