2017 Retirement Plan Limitations
The Internal Revenue Service and the Social Security Administration have announced their cost-of-living adjustments for 2017. The majority of retirement plan dollar limitations remain unchanged, with the 401(k), 403(b), and 457(b) elective deferrals and catch-up contribution limits remaining the same. Some limits will increase including the Social Security (FICA) Wage Base and the Compensation Limit under Section 401(a)(17).
For more information, including a complete list of changes, please click here.