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Winter Park, FL
1201 South Orlando Avenue, #202
Winter Park, FL 32789
phone: (407) 645-401K
fax: (407) 647-8377

Jacksonville, FL
3063 Hartley Road, Suite 3
Jacksonville, FL 32257
phone: (904) 727-7539
fax: (904)725-1054

Clearwater/Tampa, FL
25400 US Highway 19 N, Ste. 152
Clearwater, FL 33763-2150
phone: (813) 336-8105
fax: (727) 330-2660

401K@batesco.com

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Annual Plan Limits

Each year the U.S. government adjusts the limits for qualified plans and Social Security to reflect cost-of-living adjustments and changes in the law. Many of these limits are based on the "plan year" as defined in the plan document. The elective deferral and catch-up limits are always based on the calendar year.

2018 2017 2015-2016*
Compensation $275,000 $270,000 $265,000
Limits on benefits and contributions:
  • Defined contribution plans
$55,000 $54,000 $53,000
  • Defined benefit plans
$220,000 $215,000 $210,000
  • 401(k), 403(b) and 457 plan elective deferrals
$18,500 $18,000 $18,000
  • SIMPLE plan elective deferrals
$12,500 $12,500 $12,500
  • IRA
$5,500 $5,500 $5,500
Catch-up contributions:
  • 401(k), 403(b) and 457 plans
$6,000 $6,000 $6,000
  • SIMPLE plans
$3,000 $3,000 $3,000
  • IRA
$1,000 $1,000 $1,000
"Highly Compensated" definition $120,000 $120,000 $120,000
"Key Employee" definition:
  • Officer
$175,000 $175,000 $170,000
  • 1% owner
$150,000 $150,000 $150,000
Social Security taxable wage base $128,700 $127,200 $118,500

*The 2015 limits remained unchanged for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment.


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