Employee Contribution
| YEAR |
CONTRIBUTION IF UNDER THE AGE OF 50 |
CONTRIBUTION IF OVER THE AGE OF 50 |
DEADLINE TO OPEN IRA |
DEADLINE TO CONTRIBUTE TO IRA |
| 2016 |
$18,000 |
$24,000 |
12/31/2016 |
12/31/2016 |
| 2017 |
$18,000 |
$24,000 |
12/31/2017 |
12/31/2017 |
Employer Contribution
| YEAR |
CONTRIBUTION IF UNDER THE AGE OF 50 |
CONTRIBUTION IF OVER THE AGE OF 50 |
DEADLINE TO OPEN IRA |
DEADLINE TO CONTRIBUTE TO IRA |
| 2016 |
$53,000 |
$59,000 |
12/31/2016 |
4/15/2017 |
| 2017 |
$54,000 |
$60,000 |
12/31/2017 |
4/15/2018 |
- Employer non-elective contributions up to 25% of compensation as defined by the plan
- If A one-participant 401(k) plan has $250,000 or more in assets at the end of the year, it is generally required to file an annual report on Form 5500-SF. A one-participant plan with fewer assets may be exempt from the annual filing requirement.
