Search Site

Jack Owen’s Tax Exempt Alert, October 2017

2018 Changes in Annual Qualified Retirement Plan Benefit Limits

The IRS recently announced the new annual qualified retirement plan benefit limits for 2018. Set forth in the table below is a summary of the most relevant new limits for 2016 – 2018.

These lists are mainly of interest to those of you familiar with retirement plans. If you do not understand the types of retirement plans referred to below or have any other questions regarding retirement plans in general, please contact our office for more information. Thank you.

2016 2017 2018
415 Limit for Defined Benefit Plans $210,000 $215,000 $220,000
415 Limit for Defined Contribution Plans 53,000 54,000 55,000
401(k) and 403(b) Maximum Deferral 18,000 18,000 18,500
Catch-up Contributions (age 50 and over) 6,000 6,000 6,000
Social Security Taxable Wage Base 118,500 127,200 128,700
Maximum Compensation Allowable for Benefit Purposes 265,000 270,000 275,000
Compensation For Highly Compensated Employee (“HCE”) Status 120,000 120,000 120,000
SIMPLE Maximum Deferral 12,500 12,500 12,500
457 Maximum Deferral 18,000 18,000 18,500


We sincerely hope you appreciate receiving the information in this newsletter. But in case you do not want to receive it, please contact Diane Trichtinger at 412.745-1040, or [email protected] to be removed from this list. Likewise, please contact Diane with any colleagues or other persons who you would like to add to this list.

Note: This provides general information regarding matters of interest to tax-exempt organizations. Such information is neither legal advice nor legal opinion concerning particular situations. If legal advice or opinion is required, legal counsel should be consulted.

Contact us

Please fill out the form below and one of our attorneys will contact you.

Quick Contact Form

Office Location
  • Pittsburgh Office
    310 Grant Street
    Suite 2200
    Pittsburgh, Pennsylvania 15219
    Phone: 412-745-1040
    Fax: 412-745-3434