The IRS limits the annual benefit amounts for a defined benefit plans to the lesser of $185,000 in 2017.(Defining Nonqualified Deferred Compensation Plans (NQDC))

Question

Quizplus · Accepted Answer

The IRS does limit the annual benefit amounts for defined benefit plans, but the specific dollar amount can change annually due to adjustments for cost-of-living increases. The amount for 2017 was actually $215,000, not $185,000.

The IRS Limits the Annual Benefit Amounts for a Defined