IRS Announces Plan Limits for 2017

The IRS announced the 401(k) plan limits for the 2017 plan year and only the highlighted key limits have changed.  The official announcement can be found here.

Plan Limits 2017 2016
401(k) & 403(b) Employee Deferral Limit  $          18,000  $          18,000
Annual Defined Contribution Limit  $          54,000  $          53,000
Annual Compensation Limit  $        270,000  $        265,000
Catch-Up Contribution Limit  $            6,000  $            6,000
Highly Compensated Employees  $        120,000  $        120,000
Key Employee Officer  $        175,000  $        170,000