Late each October, the IRS gets around to announcing the cost of living adjustments for qualified plans for the upcoming year.  This year was no exception, and here they are [Plan Limits].   Unlike last year, 2017 brings some increases to the limits, like the increase in the compensation limit (the maximum amount of compensation a plan can take into account) from $265,000 to $270,000.  For those looking to defer more, unfortunately the limit on elective deferrals (and the catch-up contribution limit) remains the same at $18,000 and $6,000, respectively.

The Social Security Administration earlier announced the new taxable wage base for 2017, and it has increased also, to $127,200.

So, enjoy these increases even without the usual pumpkin spice that everything seems to include this time of year!