For 2018, 401(k) Contribution Limit for Employees Rises to $18,500

Employee 401(k) contributions for 2018 will top off at $18,500—a $500 increase from 2017—while the “all sources” maximum contribution (employer and employee combined) rises to $55,000, up $1,000, the IRS announced. HR and payroll managers should plan to adjust their systems for the new year and to inform employees about the new limits in year-end open enrollment materials. https://goo.gl/Lov3En #GlobalHR #HRTech