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ARTICLE · 13 MARCH 2017

2017 Retirement Plan Limits – Some Increases

Some retirement plan dollar limitations will increase in 2017, but the limit on elective salary deferral contributions on a combined pre-tax and Roth basis will remain unchanged at $18,000.

United StatesEmployment and HR

Some retirement plan dollar limitations will increase in 2017, but the limit on elective salary deferral contributions on a combined pre-tax and Roth basis will remain unchanged at $18,000. In addition, the catch-up contribution limit will remain unchanged at $6,000. For purposes of withholding and paying FICA and FUTA taxes, the Social Security Wage Base is increasing from $118,500 in 2016 to $127,200 in 2017.

Other key limits are included in the chart below:

Limit 2016 2017
Social Security Wage Base $118,500 $127,200
Elective Deferral/Roth contribution limit for 401(k), 403(b) and 457 plans $18,000 $18,000
Catch-up contribution limit for employees aged 50 and over for 401(k), 403(b) and 457 plans

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