The IRS just released the 2017 retirement plan contribution limits, and the changes aren’t big ones.
This year, the U.S. Consumer Price Index didn’t trigger a cost-of-living adjustment (COLA) increase for the vast majority of plans, so the major plan limits will remain largely unchanged through 2017.
Employees will be able to continue to defer up to $18,000 into their qualified defined contribution plans, and an additional $6,000 for those over the age of 50, for a combined total of $24,000.
