The tax law places limits on the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. The Internal Revenue Code (IRC) requires the limits to be adjusted annually for cost-of-living increases. INTAC is pleased to present this table for your convenience.
Annual Compensation and Contribution Limits for Qualified Retirement Plans
| |
2019 |
2018 |
2017 |
2016 |
|
401(k) and 403(b) Deferral Limit
|
19,000 |
18,500 |
18,000 |
18,000 |
|
457 Deferral Limit
|
19,000 |
18,500 |
18,000 |
18,000 |
|
401(k), 403(b), 457 Catch-up Contribution Limit
|
6,000 |
6,000 |
6,000 |
6,000 |
|
SIMPLE Deferral Limit
|
13,000 |
12,500 |
12,500 |
12,500 |
|
SIMPLE Catch-up Contribution Limit
|
3,000 |
3,000 |
3,000 |
3,000 |
|
Annual Compensation Limit
|
280,000 |
275,000 |
270,000 |
265,000 |
|
Defined Benefit 415 Limit
|
225,000 |
220,000 |
215,000 |
210,000 |
|
Defined Contribution 415 Limit
|
56,000 |
55,000 |
54,000 |
53,000 |
|
Dollar Limit for HCEs
|
125,000 |
120,000 |
120,000 |
120,000 |
|
Dollar Limit for Key Employee
|
180,000 |
175,000 |
175,000 |
170,000 |
|
Social Security Taxable Wage Base
|
132,900 |
128,400 |
127,200 |
118,500 |