The IRS recently announced the 2017 retirement plan limits for the upcoming year.  Please note the highlights are as follows:

• The 415 contribution limit for defined contribution plans increased from $53,000 to $54,000
• The Maximum Annual Salary limitation for determining benefits increased from $265,000 to $270,000
• The 403(b) & 457(b) Elective deferrals and the age 50 catch-up limit remained unchanged at $18,000 and $6,000 respectively.

Attached is a copy of the USG 2017 retirement plan limits memo for your reference.

2017-retirement-plan-limits-memo-final