Deferred Compensation Contribution Amounts for 2018
The Deferred Compensation Plan maximum amounts that can be contributed for 2018 is as follows:
- The base maximum contribution is $18,500.
- Participants are allowed to contribute an additional $6,000 in the years they turn age 50 or greater for an annual maximum of $24,500. This represents the annual allowable of $18,500 plus the additional $6,000.
- The catch-up maximum is $37,000. This represents double the annual maximum of $18,500.
For more information, please email the Deferred Compensation Specialist.