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Annual Limit on Contributions and Compensation
| Type of Limitation | 2018 | 2017 |
| Elective Deferrals (401(k), 403(b), 457(b)(2) and 457(c)(1)) | $18,500 | $18,000 |
| Section 414(v) Catch-Up Deferrals to 401(k), 403(b), 457(b), or SARSEP Plans (457(b)(3) and 402(g) provide separate catch-up rules to be considered as appropriate) | $6,000 | $6,000 |
| SIMPLE 401(k) or regular SIMPLE plans, Catch-Up Deferrals | $3,000 | $3,000 |
| 415 limit for Defined Benefit Plans | $220,000 | $215,000 |
| 415 limit for Defined Contribution Plans | $55,000 | $54,000 |
| Annual Compensation Limit | $275,000 | $270,000 |
| Annual Compensation Limit for Grandfathered Participants in Governmental Plans Which Followed 401(a)(17) Limits (With Indexing) on July 1, 1993 | $405,000 | $400,000 |
| Highly Compensated Employee 414(q)(1)(B) | $120,000 | $120,000 |
| Key employee in top heavy plan (officer) | $175,000 | $175,000 |
| SIMPLE Salary Deferral | $12,500 | $12,500 |
| Tax Credit ESOP Maximum balance | $1,105,000 | $1,080,000 |
| Amount for Lengthening of 5-Year ESOP Period | $220,000 | $215,000 |
| Taxable Wage Base | $128,400 | $127,200 |
| IRAs for individuals 49 and below | $5,500 | $5,500 |
| IRAs for individuals 50 and above | $6,500 | $6,500 |
| FICA Tax for employees and employers | 7.65% | 7.65% |
| Social Security Tax for employees and employers | 6.20% | 6.20% |
| Medicare Tax for employers and employees | 1.45% | 1.45% |
| Additional Medicare Tax* | .9% of comp >$200,000 | .9% of comp >$200,000 |
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