2017 Employee Benefits Limits

This chart shows some of the annually adjusted dollar limits that impact employee benefits, as published by the Internal Revenue Service, the Social Security Administration, and the Pension Benefit Guaranty Corporation.

Adjusted Item 2017 2016
Adoption Assistance Programs  
Dollar Limit on Excludable Benefits (IRC 137(b)(1)) $13,570 $13,460
Phase-Out Income Threshold (IRC 137(b)(2))  
Floor $203,540 $201,920
Ceiling $243,540 $241,920
Annual Additions  
Defined Contribution Plan (IRC 415(c)(1)(A)) $54,000 $53,000
Defined Benefit Plan (IRC 415(b)(1)(A)) $215,000 $210,000
Annual Compensation Limit  
Generally (IRC 401(a)(17); 404(l); 408(k)(3)(C) and 408(k)(6)) $270,000 $265,000
Certain Governmental Plans in effect on July 1, 1993 $400,000 $395,000
Catch-up Contributions (IRC 414(v)(2)(B)(i) and (ii)) 401(k), 403(b), Governmental 457(b) and SEPs SIMPLE Plans $6,000
$3,000
$6,000
$3,000
Dependent Care Assistance Maximum Gross Income Exclusion (IRC 129(a)(2)(A)) $5,000 $5,000
Elective Deferrals

401(k), 403(b), 457(b) and SEPs (IRC 402(g)(1); 457(e)(15)) SIMPLE Plans (IRC 408(p)(2)(E))

2$18,000

$12,500

$18,000
$12,500
Group Health Out-of-Pocket Maximum (PHSA 2707(b); PPACA 1302(c)(1))  
Individual Coverage $7,150 $6,850
Family Coverage $14,300 $13,700
Health FSA maximum annual contribution (IRC 125(i)) $2,600 $2,550
Health Savings Accounts (HSAs) (IRC 223(b) and (c))  
Maximum Annual HSA Contribution  
Self-only Coverage $3,400 $3,350
Family Coverage $6,750 $6,750
Age 55 Additional HSA Contribution (Maximum) $1,000 $1,000
HDHP Annual Deductible Minimum (to have HSA)  
Self-only Coverage $1,300 $1,300
Family Coverage $2,600 $2,600
HDHP Annual Out-of-Pocket Expense Maximum (to have HSA)  
Self-only Coverage $6,550 $6,550
Family Coverage $13,100 $13,100
Excise Tax for Non-Medical Distributions from HSA 20% 20%
Highly Compensated Employee (IRC 414(q)(1)(B)) $120,000 $120,000
Key Employee Officer for Top-Heavy Plans (IRC 416(i)(1)(A)(i)) $175,000 $170,000
Long-Term Care Premiums as medical expenses (IRC 213(d)(10))  
Taxpayer age 40 and younger $410 $390
Taxpayer over age 40 but not more than age 50 $770 $730
Taxpayer over age 50 but not more than age 60 $1,530 $1,460
Taxpayer over age 60 but not more than age 70 $4,090 $3,900
Taxpayer over age 70 $5,110 $4,870
PBGC Guaranteed Annual Benefit (single life annuity; age 65; rounded) $64,432 $60,136
Qualified Transportation Fringe (IRC 132(f)(2))  
Employer-provided Parking (monthly) $255 $255
Mass Transit Pass and Van Pool (monthly) $255 $255
Bicycle Commuting (monthly) $ 20 $ 20
SEP (IRC 408(k))  
Minimum Compensation (for coverage) (IRC 408(k)(2)(C)) $600 $600
Maximum Compensation (IRC 408(k)(3)(C)) $270,000 $265,000
Social Security OASDI Taxable Wage Base $127,200 $118,500
Tax Credit ESOP (IRC 409(o)(1)(C))  
5 Year Maximum Balance $1,080,000 $1,070,000
Additional 1 Year Limit $215,000 $210,000