VCG Consultants

"VCG is very proactive and first and foremost, a consultant."

Chief Financial Officer

Technology Industry

"The level of service VCG provides to our associates is outstanding!"

Director, Benefits

Retail Industry

"VCG is very personal and provides hands-on attention. We have never worked with them and not felt like we were their only client."

Vice President, Human Resources

Metals and Minerals Industry

"We have great confidence in VCG Consultants … Most importantly, we have always received the most amazing customer service."

Human Resources Manager

Software Industry

"VCG fills the gaps for us in areas with which we are not familiar. We never feel sold - always advised."

Vice President, Benefits, Health and Wellness

Manufacturing Industry

Annual Benefit Plan Limits

2017 Retirement Plans
401(k) elective deferral (employee contribution) dollar limit $18,0001
403(b) elective deferral (employee contribution) dollar limit $18,0002
Defined benefit plans – maximum annual benefit $215,000
Defined contribution plans – maximum annual addition $54,000
Annual compensation limit $270,000
457(b) elective deferral (employee contribution) dollar limit $18,0003
Highly compensated employee (HCE) $120,0004
SIMPLE retirement account – maximum elective deferrals $12,5005
1 An additional elective deferral (catch-up contribution) of $6,000 may be permitted for participants age 50 and older.
2 The following additional elective deferrals may be permitted – lifetime catch-up (as much as an additional $3,000 under certain conditions) and age 50+ catch-up (an additional $6,000).
3 Certain catch-up contributions may be permitted.
4 An employee with compensation exceeding $120,000 in 2015 or 2016 will be considered an HCE in 2016 or 2017, respectively.
5 An additional elective deferral (catch-up contribution) of $3,000 may be permitted for participants age 50 and older.

 

2017 High Deductible Health Plans (HDHP) and Health Savings Accounts (HSA)
Minimum annual deductible to be a qualified HDHP
  •  Self-only Coverage
$1,300
  •  Family Coverage
$2,600
Maximum annual out-of-pocket expense (excluding premiums) to be a qualified HDHP
  •  Self-only Coverage
$6,550
  •  Family Coverage
$13,100
Maximum Annual HSA contribution
  •  Self-only Coverage
$3,400
  •  Family Coverage
$6,750
  • Annual catch-up contribution for individuals age 55 or older
$1,000 per person

 

2018 High Deductible Health Plans (HDHP) and Health Savings Accounts (HSA)
Minimum annual deductible to be a qualified HDHP
  •  Self-only Coverage
$1,350
  •  Family Coverage
$2,700
Maximum annual out-of-pocket expense (excluding premiums) to be a qualified HDHP
  •  Self-only Coverage
$6,650
  •  Family Coverage
$13,300
Maximum Annual HSA contribution
  •  Self-only Coverage
$3,450
  •  Family Coverage
$6,900
  • Annual catch-up contribution for individuals age 55 or older
$1,000 per person