2017 retirement plan limit changes.

Reference: IR 2016-141, 10/27/2016

While many qualified plan limits remain unchanged from 2016, some did change.  Here’s two common ones from that list:

Defined contribution plans: Code Sec 415(c)(1)(A) limit increases from $53,000 to $54,000.

Compensation limit: The maximum annual compensation taken into account for plan calculations under various code sections (401, 404, and 408) increases from $265,000 to $270,000. 

Other changes can be viewed in the Bulletin itself.