ACCESS Benefit Services, Inc.

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Do You Know Your Limitations?


Retirement Plan Dollar Limits

Limitations are based on IRS Cost of Living Adjustments for Qualified Retirement Plans

 

2018

2017

2016

Defined Contribution

$55,000

$54,000

$53,000

Defined Benefit

220,000

 215,000

 210,000

Compensation

275,000

 270,000

265,000

Social Security Wages

128,700

 127,200

118,500

401(k)

18,500

   18,000

  18,000

Catch-Up

6,000

    6,000

    6,000

HCE

120,000

120,000

120,000

 Reminders

  • 401(k) Safe Harbor Notices - A reminder that safe harbor notices are due to eligible employees at least 30 days and not more than 90 days before the beginning of each Plan year.

  • Annual and Quarterly Participant Expense and Investment Disclosure - Department of Labor regulations require expense and investment disclosure on participant directed accounts.

  • IRS Form 8955-SSA for missing participants for filers who have to file at least 250 returns with the IRS during the calendar year  must be filed electronically.


This list is far from exhaustive. Call us today to set up a time to discuss your specific situation and needs.

 
 
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