2018 Annual Benefit Plan Amounts *Updated - Bim Group

2018 Annual Benefit Plan Amounts *Updated

If you would like a printable version of this guide, please email info@bimgroup.us and we will gladly forward one to you.


Contribution & Benefit Limits 2017 Limit 2018 Limit
Section 401(k), 403(b), or 457(b) annual deferral $18,000 $18,500
SIMPLE plan annual deferral $12,500 $12,500
Section 415 maximums
Annual benefit from defined
benefit plan
$215,000 $220,000
Annual additions to defined contribution plan $54,000  $55,000
Maximum IRA contribution $5,500  $5,500
Catch-up contribution limits
Retirement plan $6,000 $6,000
SIMPLE plan $3,000 $3,000
IRA $1,000 $1,000
Compensation Amounts
Annual compensation limit $270,000 $275,000
Grandfathered governmental plan participants $400,000 $405,000
Highly compensated employees
any employee* $120,000** $120,000**
5 percent owner no minimum no minimum
*   Employer may elect to limit to top-paid 20%

** Due to the look-back rule, applies in determining HCEs during following year

Key employees
officer $175,000 $175,000
1 percent owner $150,000 $150,000
5 percent owner no minimum no minimum
Small Employer Health Insurance Credit Average Wage Phase-Out $26,200 $26,600
This information is brought to you by your Partner Firm of United Benefit Advisors, the nation’s leading employee benefits advisory organization with more than 200 offices throughout the United States, Canada and the United Kingdom.
Social Security/Medicare 2017 Limit 2018 Limit
OASDI taxable wage base $127,200 $128,400
OASDI tax rate – employer 6.2% 6.2%
OASDI tax rate – employee 6.2% 6.2%
Medicare tax rate – employer 1.45% 1.45%
Medicare tax rate – employee 1.45%> 1.45%>
Maximum income without reducing Social Security retirement benefits
SSRA* or over no limit no limit
year individual attains SSRA* $44,880/yr.^ $45,360/yr.^
under SSRA* $16,920/yr. $17,040/yr.
>  Employer must withhold additional 0.9% from compensation in excess of $200,000

*   Social Security Retirement Age (age at which an individual may receive an unreduced monthly benefit)

^  No limit on earnings beginning the month an individual attains SSRA

Health Plan Limits
Maximum Health FSA
employee deferral $2,600 $2,650
carryover $500 $500
Maximum HSA contribution
individual $3,400 $3,450
family $6,750 $6,850
catch-up $1,000 $1,000
Minimum HDHP deductible
individual $1,300 $1,350
family $2,600 $2,700
Maximum HDHP out-of-pocket
individual $6,550 $6,650
family $13,100 $13,300
Maximum out-of-pocket (non-grandfathered plans)
individual $7,150 $7,350
family $14,300 $14,700
Transitional Reinsurance Fee (per person) Only paid through the 2016 plan year.  


Recent Insights

March 18, 2019
HR Elements, Human Resources

HR Elements | Some Companies Going Above and Beyond to Support Mothers and Fathers

While the last two decades witnessed a steady rise in pregnancy discrimination claims filed with the Equal Employment Opportunity Commission (EEOC), there is good news out there for working families. Many companies are opting to create innovative and forward-thinking ways to support working parents and, in some cases, companies are blazing the trail ahead of […]
Read more
March 15, 2019
Compliance Alert

Compliance Recap – February 2019

February was a relatively quiet month in the employee benefits world. For a printable version of this blog, please click here. The Internal Revenue Service (IRS) released an information letter addressing when an employer may seek recoupment of contributions made to an employee’s HSA. A U.S. District Court held that the State of Maryland could […]
Read more
March 4, 2019

Webinar: What Employers Need to Know about HIPAA & HITECH

Tuesday, March 12, 2019 2:00 p.m. ET / 11:00 a.m. PT Register Now The Health Insurance Portability and Accountability Act (HIPAA), its administrative simplification regulations, and the Health Information Technology for Economic and Clinical Health Act (HITECH) provide administrative, privacy, and security standards for health plans and their business associates. The extent to which HIPAA […]
Read more
February 19, 2019
HR Elements

HR Elements | Make Your Employer Brand More Purposeful

Branding is big news. Beyond hoping to boost sales and profits through consumer-facing brands, branding is also a critical component for companies in their roles as employers. There are steps big and small you can take to make employer branding a priority for your team in 2019. Why bother? Well recruitment, hiring, and even retention […]
Read more