2018 Annual Benefit Plans Maximums

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Pension Contribution & Benefit Limits

2017 Limit

2018 Limit

Section 401(k), 403(b), or 457(b) annual deferral$18,000$18,500
SIMPLE plan annual deferral$12,500$12,500
Section 415 maximums
Annual benefit from defined
benefit plan
$215,000$220,000
Annual additions to defined contribution plan$54,000 $55,000
Maximum IRA contribution$5,500 $5,500
Catch-up contribution limits
Retirement plan$6,000$6,000
SIMPLE plan$3,000$3,000
IRA$1,000$1,000
Compensation Amounts
Annual compensation limit$270,000$275,000
Grandfathered governmental plan participants$400,000$405,000
Highly compensated employees
any employee*$120,000**$120,000**
5 percent ownerno minimumno minimum
*   Employer may elect to limit to top-paid 20%** Due to the look-back rule, applies in determining HCEs during following year
Key employees
officer$175,000$175,000
1 percent owner$150,000$150,000
5 percent ownerno minimumno minimum
Small Employer Health Insurance Credit Average Wage Phase-Out$26,200$26,600
 

 

Social Security/Medicare

2017 Limit

2018 Limit

OASDI taxable wage base$127,200$128,400
OASDI tax rate – employer6.2%6.2%
OASDI tax rate – employee6.2%6.2%
Medicare tax rate – employer1.45%1.45%
Medicare tax rate – employee1.45%>1.45%>
Maximum income without reducing Social Security retirement benefits
SSRA* or overno limitno limit
year individual attains SSRA*$44,880/yr.^$45,360/yr.^
under SSRA*$16,920/yr.$17,040/yr.
>  Employer must withhold additional 0.9% from compensation in excess of $200,000*   Social Security Retirement Age (age at which an individual may receive an unreduced monthly benefit)

^  No limit on earnings beginning the month an individual attains SSRA

 

 

Health Plan Limits

Maximum Health FSA
employee deferral$2,600$2,650
carryover$500$500
Maximum HSA contribution
individual$3,400$3,450
family$6,750$6,850
catch-up$1,000$1,000
Minimum HDHP deductible
individual$1,300$1,350
family$2,600$2,700
Maximum HDHP out-of-pocket
individual$6,550$6,650
family$13,100$13,300
Maximum out-of-pocket (non-grandfathered plans)
individual$7,150$7,350
family$14,300$14,700
Transitional Reinsurance Fee (per person)Only paid through the 2016 plan year.

 

Note: The information and materials herein are provided for general information purposes only and have been taken from sources believed to be reliable, but there is no guarantee as to its accuracy. 

Learn More About your 2018 Options

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Like this blog article? You might also like our full HSA 2018 Limits page.