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Sierra Madre, CA
52 W. Sierra Madre Blvd.
Sierra Madre, CA 91024
tara@mpssm.com 

Pasadena, CA
445 N. Rosemead Blvd.
Pasadena, CA 91107
kelly@mpssm.com

phone: (888) 355-3039
fax: (626) 355-3713

Professional Memberships

ASPPA Member

NIPA - National Institute of Pension Administrators

ProVisors
Employee Benefits Association of Los Angeles 
Better Business Bureau 
Fiduciary Roundtable of San Gabriel Valley 
Sierra Madre Chamber of Commerce
Pasadena Chamber of Commerce







 

Annual Plan Limits

Each year the U.S. government adjusts the limits for qualified plans and Social Security to reflect cost-of-living adjustments and changes in the law. Many of these limits are based on the "plan year" as defined in the plan document. The elective deferral and catch-up limits are always based on the calendar year.

2017 2015-2016* 2014
Compensation $270,000 $265,000 $260,000
Limits on benefits and contributions:
  • Defined contribution plans
$54,000 $53,000 $52,000
  • Defined benefit plans
$215,000 $210,000 $210,000
  • 401(k), 403(b) and 457 plan elective deferrals
$18,000 $18,000 $17,500
  • SIMPLE plan elective deferrals
$12,500 $12,500 $12,000
  • IRA
$5,500 $5,500 $5,500
Catch-up contributions:
  • 401(k), 403(b) and 457 plans
$6,000 $6,000 $5,500
  • SIMPLE plans
$3,000 $3,000 $2,500
  • IRA
$1,000 $1,000 $1,000
"Highly Compensated" definition $120,000 $120,000 $115,000
"Key Employee" definition:
  • Officer
$175,000 $170,000 $170,000
  • 1% owner
$150,000 $150,000 $150,000
Social Security taxable wage base $127,200 $118,500 $117,000

*The 2015 limits remained unchanged for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment.


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