Facts & Figures

Download PDF – 2014-2018

2018 2017 2016 2015 2014 2013 2012
IRC Limits
401(k) plan elective deferral limit 18,500 18,000 18,000 18,000 17,500 17,500 17,000
401(k) plan elective deferral catch-up limit 6,000 6,000 6,000 6,000 5,500 5,500 5,500
Eligible 457 plan deferral limit 18,500 18,000 18,000 18,000 17,500 17,500 17,000
415 defined benefit maximum annuity 220,000 215,000 210,000 210,000 210,000 205,000 200,000
415 defined contribution maximum annual addition 55,000 54,000 53,000 53,000 52,000 51,000 50,000
401(a)(17) and 408(k)(3)(C) compensation limit 275,000 270,000 265,000 265,000 260,000 255,000 250,000
Highly compensated employee threshold 120,000 120,000 120,000 120,000 115,000 115,000 115,000
Social Security
Cost-of-living increase 2.00% 0.30% 0.00% 1.70% 1.50% 1.70% 3.60%
OASDI contribution and benefit base (wage base) 128,400* 127,200 118,500 118,500 117,000 113,700 110,100
Maximum monthly social security benefit worker retiring in January at age 65 2,589 2,542 2,491 2,452 2,431 2,414 2,310
* Updated from $128,700 in SSA November Press Release
PIA formula
1st bend point 895 885 856 826 816 791 767
2nd bend point 5,397 5,336 5,157 4,980 4,917 4,768 4,624
FICA tax rates
OASDI employer and employee 6.20% 6.20% 6.20% 6.20% 6.20% 6.20%** 6.20%**
HI employer and employee 1.45% 1.45% 1.45% 1.45% 1.45% 1.45% 1.45%
OASDI self-employed 12.40% 12.40% 12.40% 12.40% 12.40% 12.40%** 12.40%**
HI self-employed 2.90% 2.90% 2.90% 2.90% 2.90% 2.90% 2.90%
HI additional employee tax 0.90% 0.90% 0.90% 0.90% 0.90% 0.90% n/a
**Employee portion 4.20% in 2011 and 2012
Medicare Part A – Hospital Insurance
Maximum monthly premium 422 413 411 407 426 441 451
Monthly premium for those with 30-39 credits 232 227 226 224 234 243 248
Inpatient hospital deductible 1,340 1,316 1,288 1,260 1,216 1,184 1,156
Coinsurance
Daily payment for 61-90 days of inpatient care 335 329 322 315 304 296 289
Lifetime limit for up to 60 reserve days 670 658 644 630 608 592 578
Daily payment for 21-100 days in a skilled nursing facility 167.50 164.50 161.00 157.50 152.00 148.00 145.00
Medicare Part B – Medical Insurance
Standard monthly premium 134 134 105 105 105 105 100
Annual deductible 183 183 166 147 147 147 140
Medicare Part D – Drug Benefit
Maximum annual deductible 405 400 360 320 310 325 320
25% co-pay up to coverage limit of: 3,750 3,700 3,310 2,960 2,850 2,970 2,930
100% co-pay until total out-of-pocket spending: 5,000 4,950 4,850 4,700 4,550 4,750 4,700
5% co-pay after total drug spending: 8,418 8,071 7,515 7,062 6,691 6,955 6,730