Retirement

2018 Retirement Plan Limits

by NBS
on October 20, 2017

The IRS released Retirement Plan Limits for 2018. Below is a summary of the retirement limits for your reference throughout the coming year.You can always view current and prior year limits at nbsbenefits.com/limits.

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Code Section	Explanation	2025	2024
402(g)(1) Elective Deferrals	Maximum amount employees can contribute to a 401(k) or 403(b) Plan	$23,500	$23,000
414(q)(1)(B) Highly Compensated Employee Threshold	Compensation amount used to determine Highly Compensated Employees (Lookback year)	$160,000	$155,000
414(v)(2)(B)(i) Catch-up Contributions	Additional amount those over age 50 can contribute to a 401(k) or 403(b) plan	$7,500	$7,500
415(c)(1)(A) Defined Contribution Limits	Annual limit on all contributions (employee and employer) for 401(k) and 403(b) plans	$70,000	$69,000
457(b)(2) and 457(c)(1) Limits	Maximum amount an employee and/or employer can contribute to a 457 Plan	$23,500	$23,000
Annual Compensation Limit	Maximum Compensation for Qualified Plan Purposes	$350,000	$345,000
Taxable Wage Base	Social Security wage base	$176,100	$168,600

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