Page 12 - 000 Complete EBook - 403(b) & 457(b) Test 12202017 1

2018 Contribution Limits for 403(b) and 457(b)

457(b) 403(b) Combined

Employee Elective $18,500 $18,500 $37,000
Contribution

Age 50+ Catch-up $ 6,000 $ 6,000 $12,000
Contribution*

15-Year Rule ** Not Allowed If permitted by Plan If permitted
by Plan

Special 457(b) If permitted by Plan Not Allowed If permitted
Catch-up Contribution*** by Plan

* Participants age 50 or older at the end of the calendar year are permitted to contribute
$18,500 plus an additional $6,000.

** IF PERMITTED BY YOUR PLAN - Participants with 15 years of service with their
current employer and an annual average contribution of less than $5,000 per year are
eligible for an additional $3,000 contribution per year up to a lifetime maximum catch-up
of $15,000. For participants eligible for both the age 50 catch-up and the 15-year rule, the
IRS will apply contributions above the regular limit first to the 15-year rule. If a participant
uses an age 50 catch-up, but was eligible for the 15-year catch-up, the rules first count to
contribution toward the 15-year catch-up lifetime maximum. If you would like more
information about this rules, please contact us.

*** IF PERMITTED BY YOUR PLAN - Employees who are three (3) years from normal
retirement age (as defined by the plan) are permitted the lesser of:

1. Twice the current year's annual contribution limit ($37,000 for 2018)

2. Underutilized limits from past years (only allowed if not using age 50 catch-up
contributions).

Please contact us if you have any questions regarding the contribution limits.

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