October 28, 2016

Defined Contribution Retirement Plan Limits Don’t Go Up for 2017

The IRS has announced the contribution limits for 2017, which remain unchanged for the second year in a row. Most defined contribution plans and IRAs will continue to have the same limits on how much participants can contribute in 2017. The new contribution limits for 2017 are as follows:

 


 2016 Limits  2017 Limits
401(k), 403(b), and 457 plans  $18,000  $18,000
401(k), 403(b), and 457 Age 50+ catch-up contribution  $6,000  $6,000
   

 

Traditional and Roth IRAs  $5,500  $5,500
IRA Age 50+ catch-up contribution  $1,000  $1,000

 

 

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