IRS Announces 2017 COLA Limits for 401(k)/Other Qualified Retirement Plans; Some Amounts Rise Slightly

Todd Solomon assessed 2017 IRS retirement plan contribution limits. “While a few of the benefit plan limits have increased slightly, most have remained unchanged,” Mr. Solomon said. “From a saver’s point of view, the maximum 401(k) contribution limit has remained flat at $18,000, and the catch-up contribution limit for those age 50 and over is still at $6,000.”