As we head into 2017, just a reminder of the IRS limits announced for ESOPs and pension plans this year.
2017 limits include the following:
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401(k) Deferral Limit – $18,000
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Annual Additions Limit – $54,000
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Maximum Compensation Limit – $270,000
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Catch-Up Contribution Limit – $6,000
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Highly Compensated Employee – $120,000
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ESOP 5-Year Distribution Threshold – $1,080,000
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ESOP Additional Year Threshold – $215,000
