Retirement Plan Table

2016

SINGLE
ROTH & Traditional IRA Contribution Limits
Regular $5,500
Catch-up (Age 50+) $6,500
ROTH IRA Contribution Phase Out
Single $117,000 – $132,000
Traditional IRA Contribution Deductibility
Employer Retirement Plan Modified AGI1 Deductibility
No Any Full
Yes < $61,000 Full
$61,001 – $71,000 Partial
$71,001 + None
1AGI = Adjusted Gross Income​
MARRIED FILING JOINTLY
ROTH & Traditional IRA Contribution Limits
Regular $5,500
Catch-up (Age 50+) $6,500
ROTH IRA Contribution Phase Out
Married Filing Jointly $184,000 – $194,000
Traditional IRA Contribution Deductibility
Employer Retirement Plan Modified AGI1 Deductibility
No Any Full
Both Spouses < $98,000 Full
$98,001 – $118,000 Partial
$118,001 + None
One Spouse (covered) < $98,000 Full
$98,001 – $118,000 Partial
$118,001 + None
One Spouse (non-covered) < $184,000 Full
$184,001 – $194,000 Partial
$194,001 + None
1AGI = Adjusted Gross Income​
HEAD OF HOUSEHOLD
ROTH & Traditional IRA Contribution Limits
Regular $5,500
Catch-up (Age 50+) $6,500
ROTH IRA Contribution Phase Out
Head of Household $117,000 – $132,000
Traditional IRA Contribution Deductibility
Employer Retirement Plan Modified AGI1 Deductibility
No Any Full
Yes < $61,000 Full
$61,001 – $71,000 Partial
$71,001 + None
1AGI = Adjusted Gross Income
QUALIFIED PLANS
Max Elective Deferral To 401(k) & 403(b) $18,000
Max Elective Deferral To 457 Plans (Tax-Exempt ER) $18,000
Max Elective Deferral To SIMPLE IRA1 & 401(k) $12,500
Defined Contribution Plan & SEP2-IRA Annual Limit $53,000
Defined Benefit Plan Annual Benefit Limit $210,000
Highly Compensated Employee Threshold $120,000
Key Employee In Top-Heavy Plan Threshold $170,000
1IRA = Individual Retirement Account
2SEP = Simplified Employee Pension Plan

2017

SINGLE
ROTH & Traditional IRA Contribution Limits
Regular $5,500
Catch-up (Age 50+) $6,500
ROTH IRA Contribution Phase Out
Single $118,000 – $133,000
Traditional IRA Contribution Deductibility
Filing Status Modified AGI1 Contribute…
Single < $118,000 Up to the limit
Single ≥ $118,000 but < $133,000 Partial
Single ≥ $133,000 Zero
1AGI = Adjusted Gross Income​
MARRIED FILING JOINTLY
ROTH & Traditional IRA Contribution Limits
Regular $5,500
Catch-up (Age 50+) $6,500
ROTH IRA Contribution Phase Out
Married Filing Jointly $186,000 – $196,000
Traditional IRA Contribution Deductibility
Filing Status Modified AGI1 Contribute…
Married Filing Jointly < $186,000 Up to the limit
Married Filing Jointly ≥ $186,000 but < $196,000 Partial
Married Filing Jointly ≥ $196,000 Zero
1AGI = Adjusted Gross Income
HEAD OF HOUSEHOLD
ROTH & Traditional IRA Contribution Limits
Regular $5,500
Catch-up (Age 50+) $6,500
ROTH IRA Contribution Phase Out
Head of Household $118,000 – $133,000
Traditional IRA Contribution Deductibility
Filing Status Modified AGI1 Contribute…
Head of Household < $118,000 Up to the limit
Head of Household ≥ $118,000 but < $133,000 Partial
Head of Household ≥ $133,000 Zero
1AGI = Adjusted Gross Income
QUALIFIED PLANS
Max Elective Deferral To 401(k) & 403(b) $18,000
Max Elective Deferral To 457 Plans (Tax-Exempt ER) $18,000
401(k), 403(b), 457 Catch-Up Contribution (Age 50 +) $6,000
Max Elective Deferral To SIMPLE IRA $12,500
SEP-IRA & Solo 401(k) Annual Limit $54,000
Defined Benefit Plan Annual Benefit Limit $215,000
Highly Compensated Employee Threshold $120,000
Key Employee In Top-Heavy Plan Threshold $170,000
1IRA = Individual Retirement Account
2SEP = Simplified Employee Pension Plan
The information presented here is not intended to be a comprehensive analysis. Cherry Bekaert Benefits Consulting, LLC is a benefits advisory firm and does not provide tax or legal advice. Individuals or Employers should consult with qualified legal and/or tax counsel for guidance in respect of matters of law, tax and related regulation.

Cherry Bekaert Benefits Consulting, LLC is a Chernoff Diamond Affiliate. Chernoff Diamond & Co., LLC is a Managing Member of Cherry Bekaert Benefits Consulting. Chernoff Diamond & Co., LLC offers Investment Advisory Services through M Holdings Securities, Inc., A Registered Broker/Dealer, Member FINRA/SIPC. Check the background of this Firm and/or investment professional on FINRA's BrokerCheck. Chernoff Diamond & Co., LLC is independently owned and operated. Chernoff Diamond & Co., LLC, is a member of M Financial Group. Please visit mfin.com/DisclosureStatement.htm for further details involving this relationship.

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