TWG Benefits, Inc. - Innovative Retirement Solutions




 

Resources

ERISA/Pension Fidelity Bonds and Fiduciary Liability Insurance

As a courtesy to plan sponsors that require ERISA/pension fidelity bonds and fiduciary liability insurance, TWG maintains a referral link to Colonial Surety Company. Fidelity bonds are available for plan sponsors, service providers, and multiemployer plans. Fiduciary liability insurance coverage is available for plan sponsors and pension professionals. Fidelity bond coverage protects against claims due to actual or alleged fiduciary breaches and fiduciary liability coverage provides defense costs and penalties if sued for fiduciary decisions.

New Applications
For Quotes    

Annual Plan Limits

Each year the U.S. government adjusts the limits for qualified plans and Social Security to reflect cost-of-living adjustments and changes in the law. Many of these limits are based on the "plan year" as defined in the plan document. The elective deferral and catch-up limits are always based on the calendar year.

2017 2015-2016* 2014
Compensation $270,000 $265,000 $260,000
Limits on benefits and contributions:
  • Defined contribution plans
$54,000 $53,000 $52,000
  • Defined benefit plans
$215,000 $210,000 $210,000
  • 401(k), 403(b) and 457 plan elective deferrals
$18,000 $18,000 $17,500
  • SIMPLE plan elective deferrals
$12,500 $12,500 $12,000
  • IRA
$5,500 $5,500 $5,500
Catch-up contributions:
  • 401(k), 403(b) and 457 plans
$6,000 $6,000 $5,500
  • SIMPLE plans
$3,000 $3,000 $2,500
  • IRA
$1,000 $1,000 $1,000
"Highly Compensated" definition $120,000 $120,000 $115,000
"Key Employee" definition:
  • Officer
$175,000 $170,000 $170,000
  • 1% owner
$150,000 $150,000 $150,000
Social Security taxable wage base $127,200 $118,500 $117,000

*The 2015 limits remained unchanged for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment.

 

(800) 496-2045
Client Account Access
5500 Filings
Plan Sponsor Link Portal
Request Information
QR Code
Scan for Mobile Account Access

                                 It's about goals. Ours is to help you reach yours. If you succeed, we do too.   
© 2014-2017 Benefit Insights, LLC