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2018 Retirement Plan Limits

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

Code SectionExplanation20222021
402(g)(1) Elective DeferralsMaximum amount employees can contribute to a 401(k) or 403(b) Plan$20,500 $19,500
457(b)(2) and 457(c)(1) LimitsMaximum amount an employee and/or employer can contribute to a 457 Plan$20,500 $19,500
414(v)(2)(B)(i) Catch-up ContributionsAdditional amount those over age 50 can contribute to a 401(k) or 403(b) plan$6,500 $6,500
414(q)(1)(B) Highly Compensated Employee ThresholdCompensation amount used to determine Highly Compensated Employees (Lookback year)$135,000 $130,000
415(c)(1)(A) Defined Contribution LimitsAnnual limit on all contributions (employee and employer) for 401(k) and 403(b) plans$61,000 $58,000
Annual Compensation LimitMaximum Compensation for Qualified Plan Purposes$305,000 $290,000
Taxable Wage BaseSocial Security wage base$147,000 $142,800