Yearly Limits

Limitation201820172016
Maximum annual benefit$220,000$215,000$210,000
Maximum annual contribution$55,000$54,000$53,000
Maximum 401(k) deferral$18,500$18,000$18,000
401(k) deferral catchup (over age 50)$6,000$6,000$6,000
Maximum SIMPLE deferral$12,500$12,500$12,500
SIMPLE catch-up (over age 50)$3,000$3,000$3,000
Maximum IRA contribution$5,500$5,500$5,500
IRA catch-up (over age 50)$1,000$1,000$1,000
Annual compensation limit$275,000$270,000$265,000
Social Security Wage Base$128,700$127,200$118,500
Medicare maximumUnlimitedUnlimitedUnlimited
Comp. threshold for Highly Compensated Employees$120,000$120,000$120,000
Income (exclusion) threshold for SEPs$600$600$600

Old Numbers

Limitation201020112012201320142015
Maximum annual benefit$195,000$195,000$200,000$205,000$210,000$210,000
Maximum annual contribution$49,000$49,000$50,000$51,000$52,000$53,000
Maximum 401(k) deferral$16,500$16,500$17,000$17,500$17,500$18,000
401(k) deferral catchup (over age 50)$5,500$5,500$5,500$5,500$5,500$6,000
Maximum SIMPLE deferral$11,500$11,500$11,500$12,000$12,000$12,500
SIMPLE catch-up (over age 50)$2,500$2,500$2,500$2,500$2,500$3,000
Maximum IRA contribution$5,000$5,000$5,000$5,500$5,500$5,500
IRA catch-up (over age 50)$1,000$1,000$1,000$1,000$1,000$1,000
Annual compensation limit$245,000$245,000$250,000$255,000$260,000$265,000
Social Security Wage Base$106,800$106,800$110,100$113,700$113,700$118,500
Medicare maximumUnlimitedUnlimitedUnlimitedUnlimitedUnlimitedUnlimited
Comp. threshold for Highly Compensated Employees$110,000$110,000$115,000$115,000$117,000$120,000
Income (exclusion) threshold for SEPs$550$550$550$550$550$600