Retirement Plan Contribution Limits

Plan Type

2014

2015

2016

2017

IRA (Age 49 & Below)

$5,500

$5,500

$5,500

$5,500

Catch-up for IRA (Over 50)

$1,000

$1,000

$1,000

$1,000

Defined Contribution Plans

$52,000

$53,000

$53,000

$54,000

401(k), 403(b), & SAR-SEP

$17,500

$18,000

$18,000

$18,000

Catch-up for 401(k), 403(b), & SAR-SEP (Over 50)

$5,500

$6,000

$6,000

$6,000

Simple Plan

$12,000

$12,500

$12,500

$12,500

Catch-up for Simple Plan (Over 50)

$2,500

$3,000

$3,000

$3,000

Max Compensation for Determining Contributions

$260,000

$265,000

$265,000

$270,000

Compensation limit for SEP participant exclusion

 

$550

$600

$600

$600

Social Security Taxable Wage Base

$117,000

$118,500

$118,500

$127,200

Social Security Annual Earned Income Limit

$15,480

$15,720

$15,720

$16,920