ALERT: 2017 Cost-of-Living Adjustments

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November 1, 2016

The following are some of the 2013-2017 inflation-adjusted amounts that affect certain employee benefit plan benefits

  2013 2014 2015 2016 2017
§401(k), 403(b) and 457(b) Plan Annual Deferral Limit $17,500 $17,500 $18,000 $18,000 $18,000
SIMPLE Plan Annual Deferral Limit $12,000 $12,000 $12,500 $12,500 $12,500
§401(k), 403(b) and 457(b) (Gov’t) Plan Annual Catch-Up Contribution Limit $5,500 $5,500 $6,000 $6,000 $6,000
SIMPLE Plan Annual Catch-Up Contribution Limit $2,500 $2,500 $3,000 $3,000 $3,000
§401(a)(17) Retirement Plan Annual Compensation Limit $255,000 $260,000 $265,000 $265,000 $270,000
§415(b) Defined Benefit Annual Pension Limit $205,000 $210,000 $210,000 $210,000 $215,000
§415(c) Defined Contribution Annual Addition Limit $51,000 $52,000 $53,000 $53,000 $54,000
Highly Compensated Employee-Compensation Threshold $115,000 $115,000 $120,000 $120,000 $120,000
Key Employee-Compensation Threshold for Officers $165,000 $170,000 $170,000 $170,000 $175,000
Social Security Taxable Wage Base $113,700 $117,000 $118,500 $118,500 $127,200
§125 Health Flexible Spending Account Contribution Limit $2,500 $2,500 $2,550 $2,550 $2,600
§132(f) Transportation Monthly Benefit Limits          
Parking $245 $250 $250 $255 $255 
Vanpooling/Transit Passes $245 $250 $255 $255 $255

§223 High Deductible Health Plan Annual Limits

         
Minimum Deductible          
Single $1,250 $1,250 $1,300 $1,300 $1,300
Family $2,500 $2,500 $2,600 $2,600 $2,600
Out-Of-Pocket Maximum          
Single $6,250 $6,350 $6,450 $6,550 $6,550
Family $12,500 $12,700 $12,900 $13,100 $13,100
§223 Health Savings Accounts – Annual Contribution Limits          
Single Coverage $3,250 $3,300 $3,350 $3,350 $3,400
Family Coverage $6,450 $6,550 $6,650 $6,750 $6,750
Age 55 Catch-Up (not subject to indexing) $1,000 $1,000 $1,000 $1,000 $1,000

















































For more information, please contact Steve Brunn at (612) 977-8453 or sbrunn@briggs.com.