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IRS Announces 2017 Pension Plan Limitations

On October 27th, the Internal Revenue Service issued cost of living adjustments affecting the dollar limitations for 401(k) and 403(b) plans in 2017. The deferral limit will remain unchanged at $18,000 plus $6,000 for those individuals eligible for catch-up contributions.  There will be an increase in the Annual Compensation Limit, from $265,000 to $270,000, and in the Annual Defined Contribution Limit, from $53,000 to $54,000.