The Internal Revenue Service announced the dollar limitations for retirement plans and other benefits.

^{1  This limit and the catch-up limit also apply to Roth (after-tax) contributions under 401(k) and 403(b) plans that permit such contributions.
2  In no event may annual additions exceed 100% of a participant’s compensation.
3  In no event may a participant’s annual benefit exceed 100% of the participant’s average compensation for the participant’s high three years.
4  Generally, an employee is considered “highly compensated” if the employee:
        (a) was a five-percent owner of the employer at any time during the current or preceding year; or 
        (b) received compensation from the employer in the preceding year of more than the applicable dollar limit for that year.
5  This limit applies only to voluntary employee salary reduction (pre-tax) contributions.}