2018 IRS Benefits & Contributions Limits Announced (Posted on October 19, 2017 by )


irsOn October 19, 2017, the IRS issued IRS Notice 2017-64, announcing the changes in pensions and benefits limits for 2018. The maximum limits on employee pretax contributions to 401(k), 403(b), and 457(b) plans (without catch-ups) increased to $18,500, the maximum limit on annual additions (primarily to defined contribution plans) rose from $54,000 to $55,000, and the maximum limit on benefits (when expressed as an annual benefit) under a defined benefit plan rose from $215,000 to $220,000. Limits on annual compensation taken into account also rose, but the compensation used in the definition of a key employee was unchanged.

A chart showing details, and limits from 1996 to 2018, can be found at this link.