Yearly Limits

Maximum annual benefit

$265,000

$275,000

$280,000

Maximum annual contribution

$66,000

$69,000

$70,000

Maximum 401(k) deferral

$22,500

$23,000

$23,500

401(k) deferral catchup (over age 50)

$7,500

$7,500

$7,500

Maximum SIMPLE deferral

$15,500

$16,000

$16,500

SIMPLE catch-up (over age 50)

$3,500

$3,500

$3,500

Maximum IRA contribution

$6,500

$7,000

$7,000

IRA catch-up (over age 50)

$1,000

$1,000

$1,000

Annual compensation limit

$330,000

$345,000

$350,000

Social Security Wage Base

$160,200

$168,600

$176,600

Medicare maximum

Unlimited

Unlimited

Unlimited

Comp. threshold for Highly Compensated Employees

$150,000

$155,000

$160,000