The IRS has announced the new 2017 IRA & 401(k) contribution limits. Drumroll please… they’re staying the same! Long story short, the increase in the cost-of-living index did not meet the statutory thresholds that trigger an adjustment.
As a courtesy, Sequoia has attached the chart of complete 401(k) plan limits. The PDF is available for download below. The breakdown outlines the most common limits used by plan sponsors for their participants and annual nondiscrimination testing. Please visit the IRS website for a full description of the 2017 limits.
If you have any questions, please don’t hesitate to reach out to your dedicated Sequoia 401(k) Client Service Manager.