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Union Bank is open Tuesday, January 17, with regular business hours.

60s & Beyond: Annual Dollar Limits

Annual Dollar Limits for Employer Sponsored Plan

Contribution Limits 2016 2017
401(k) / 403(b) / 457(b) Elective Deferrals $18,000 $18,000
Catch-Up Contributions $6,000 $6,000
Annual Defined Benefit Limit $210,000 $215,000
Annual Defined Contribution Limit (Section 415) $53,000 $54,000
Annual Compensation Limit $265,000 $270,000
Highly Compensated Employee Limit $120,000 $120,000
Social Security Taxable Wage Base $118,500 $127,200

For definitions of the above, view the PDF.

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*Investment products: Not FDIC Insured - No Bank Guarantee - May Lose Value.