IRS 2017 Pension Plan Limitations

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The Internal Revenue Service today announced cost of living adjustments for pension plans and other retirement-related items for tax year 2017. Here's a brief outline of the changes:

  • The maximum compensation for retirement plans is increased to $270,000.
  • The Social Security taxable wage base is increased to $127,200.
  • The contribution limit for 401(k)s will remain at $18,000.
  • The catch-up contribution limit for employees over 50 will remain at $6,000.
  • The IRA limit is unchanged and remains $5,500 with a catch-up contribution limit of $1,000.
  • The Annual Additions limit for Defined Contribution plans is increased to $54,000.

A full outline of all of the changes is available at the IRS website.

 

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Swerdlin provides services for all types of retirement and cafeteria plans to clients nationwide. Learn how we can help you!

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Our Values

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Why Swerdlin?

Although we have clients nationwide, we're still a family company at heart. 

Our Services

Swerdlin provides services for all types of retirement and cafeteria plans to clients nationwide. Learn how we can help you!

Resources

Click here for our collection of forms, calculators, useful links, and frequently asked questions.

Our Values

Balance. Integrity. Relationships. Development.