2018 Retirement Plan Limits

You will able to put a little more into your workplace retirement account in 2018. The federal government has boosted the annual contribution limit on some of the popular qualified retirement plans.
Name of PlanBasic Contribution LimitAge 50 and up Catch-UpBasic + Age Fifty
401(k) Plan$18,500$6,000$24,500
SIMPLE IRA$12,500$3,000$15,500
SEP Employer OnlyCannot exceed the lesser of: 25% of compensation, or
$54,000

N/AN/A
403(b) Plan$18,500$6,000$24,500
457 Plan$18,500$6,000$24,500
Public School Employees Can Use Both a 403(b) and 457$37,000$12,000$49,000
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