|
LIMIT ON
|
REGULATION IMPACTED
|
OLD LAW
|
NEW LAW
|
|
Exclusion for elective deferrals
|
§402(g)(1) (e.g., §401(k) and §403(b)
|
$18,500
|
$19,000
|
|
Annual additions to defined contribution plans
|
§415(c)(1)(A)
|
$55,000
|
$56,000
|
|
Annual benefit under a defined benefit plan
|
§415(b)(1)(A)
|
$220,000
|
$225,000
|
|
Annual compensation
|
§401(a)(17), §404(l), §408(k)(3)(C), and §408(k)(6)(D)(ii)
|
$275,000
|
$280,000
|
|
Compensation regarding elective deferrals to SIMPLE retirement accounts
|
§408(p)(2)(E)
|
$12,500
|
$13,000
|
|
Elective deferrals to deferred compensation plans of state and local governments and tax-exempt organizations
|
§457(e)(15)
|
$18,500
|
$19,000
|
|
Concerning the definition of “key employee” in a top-heavy plan
|
§416(i)(1)(A)(i)
|
$175,000
|
$180,000
|
|
Catch-up contributions to §§401(k), 403(b), and 457(b) plans for individuals age 50 or over
|
§414(v)(2)(B)(i)
|
Unchanged
|
Unchanged
|
|
Catch-up contributions to an employer’s SIMPLE plan for individuals age 50 or over
|
§414(v)(2)(B)(ii)
|
Unchanged
|
Unchanged
|
|
The definition of “highly compensated employee”
|
§414(q)(1)(B)
|
$120,000
|
$125,000
|
|
Compensation amount regarding simplified employee pensions (SEPs)
|
§408(k)(2)(C)
|
Unchanged
|
Unchanged
|
|
Compensation amount concerning the definition of “control employee” for fringe benefit valuation purposes
|
§1.61-21(f)(5)(i)
|
Unchanged
|
Unchanged
|
|
Compensation amount concerning the definition of “control employee” for fringe benefit valuation purposes
|
§1.61-21(f)(5)(iii)
|
$220,000
|
$225,000
|
|
Annual contributions to an Individual Retirement Arrangement
|
|
$5,500
|
$6,000
|
|
Additional IRA catch-up contribution for individuals aged 50 and over
|
|
Unchanged
|
Unchanged
|
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