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ARTICLE · 16 NOVEMBER 2016

2017 Employee Benefit Plan And Transportation Limits

The below presents the IRS announced 2017 cost-of-living adjustments for retirement and health & welfare plans, and transportation programs.

United StatesEmployment and HR

The below presents the Internal Revenue Service ("IRS") announced 2017 cost-of-living adjustments for retirement and health & welfare plans, and transportation programs.  Once again, the cost-of-living index did not change significantly this year.  This means there were few changes to the IRS 2017 limitations as compared to 2016.  The one significant change is to the FICA taxable wage base, which changes based on the average wage index.

Retirement Plan Limits

Notable 2017 annual retirement plan limitations as compared to 2016 are as follows:

 

2017

2016

401(k), 403(b) & 457(b) plan employee deferrals

 $ 18,000

$ 18,000

Employee age 50 catch-up contribution

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