ALERT: 2018 Cost-of-Living Adjustments

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October 25, 2017

The following are some of the 2014-2018 inflation-adjusted amounts that affect certain employee benefit plan benefits. To print, click here.

  2014 2015 2016 2017 2018
§401(k), 403(b) and 457(b) Plan Annual Deferral Limit $17,500 $18,000 $18,000 $18,000 $18,500
SIMPLE Plan Annual Deferral Limit $12,000 $12,500 $12,500 $12,500 $12,500
§401(k), 403(b) and 457(b) (Gov’t) Plan Annual Catch-Up Contribution Limit $5,500 $6,000 $6,000 $6,000 $6,000
SIMPLE Plan Annual Catch-Up Contribution Limit $2,500 $3,000 $3,000 $3,000 $3,000
§401(a)(17) Retirement Plan Annual Compensation Limit $260,000 $265,000 $265,000 $270,000 $275,000
§415(b) Defined Benefit Annual Pension Limit $210,000 $210,000 $210,000 $215,000 $220,000
§415(c) Defined Contribution Annual Addition Limit $52,000 $53,000 $53,000 $54,000 $55,000
Highly Compensated Employee-Compensation Threshold $115,000 $120,000 $120,000 $120,000 $120,000
Key Employee-Compensation Threshold for Officers $170,000 $170,000 $170,000 $175,000 $175,000
Social Security Taxable Wage Base $117,000 $118,500 $118,500 $127,200 $128,700
§125 Health Flexible Spending Account Contribution Limit $2,500 $2,550 $2,550 $2,600 $2,650
§132(f) Transportation Monthly Benefit Limits          
Parking $250 $250 $255 $255  $260
Vanpooling/Transit Passes $250 $255 $255 $255 $260

§223 High Deductible Health Plan Annual Limits

         
Minimum Deductible          
Single $1,250 $1,300 $1,300 $1,300 $1,350
Family $2,500 $2,600 $2,600 $2,600 $2,700
Out-Of-Pocket Maximum          
Single $6,350 $6,450 $6,550 $6,550 $6,650
Family $12,700 $12,900 $13,100 $13,100 $13,300
§223 Health Savings Accounts – Annual Contribution Limits          
Single Coverage $3,300 $3,350 $3,350 $3,400 $3,450
Family Coverage $6,550 $6,650 $6,750 $6,750 $6,900
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.