BENEFIT
LIMITS |
2015 |
2016 |
2017 |
401k and 403b elective deferrals |
$18,000 |
$18,000 |
$18,000 |
Maximum Annual Contribution to an Individual's
Defined Contribution Account |
$53,000 |
$53,000 |
$54,000 |
Deferrals to 457 nonqualified deferred compensation plans |
$18,000 |
$18,000 |
$18,000 |
Catch-up contributions |
$6,000 |
$6,000 |
$6,000 |
Annual limit on compensation for determining
benefits or contributions |
$265,000 |
$265,000 |
$270,000 |
Limitation on benefits under a defined benefit plan |
$210,000 |
$210,000 |
$215,000 |
Highly compensated employee limits |
$120,000 |
$120,000 |
$120,000 |
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SOCIAL
SECURITY |
2015 |
2016 |
2017 |
OASDI wage base |
$118,500 |
$118,500 |
$127,200 |
Medicare Hi wage base |
No
Limit |
No
Limit |
No
Limit |
OASDI tax rate |
6.2% |
6.2% |
6.2% |
Hi tax rate |
1.45% |
1.45% |
1.45% |
|
(2.35%on
wages over $200,000 single/$250,000 joint) |
(2.35%on
wages over $200,000 single/$250,000 joint) |
(2.35%on
wages over $200,000 single/$250,000 joint) |
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