Human Resources | News Article

Tuesday, December 12, 2017

IRS announces slight increase in how much you can put toward your retirement plan, HSA

The Internal Revenue Service has released its employee benefit limits for 2018, and there’s been a slight increase in the amount the IRS will allow you to contribute to your retirement plan – known as the maximum salary deferral. The 2018 IRS limit for the retirement plan is $18,500, which is a $500 increase from last year.

The catch-up contribution limit remains at $6,000 annually and has not changed. As a reminder, if you will turn age 50 or older by the end of 2018, you can contribute the catch-up contribution for a total contribution of $24,500.

For more information, to start an account or to make an adjustment to your Lincoln Financial Group retirement plan deferral amount, get in touch with our Lincoln representatives at Mountain States, Mickey Byrd and Lauren Kirkland, at 423-431-1615 or 800-234-3500, or email them at:



You can also schedule an appointment through Click2Meet at



There’s also been a slight increase in how much you can put into your health savings account (HSA). Mountain States uses Optum for our HSAs. The annual HSA limits for 2018 are:

  • Single plan – $3,450 (a $50 increase from 2017)
  • Family Plan – $6,900 (a $150 increase)
  • Age 55-up Single Plan – $4,450 (a $50 increase)
  • Age 55-up Family Plan – $7,900 (a $150 increase)

For more information, contact HR4U at 423-431-HR4U (4748) or