Annual Limits


 

 

2019

2018

2017

2016

Compensation

$280,000

$275,000

$270,000

$265,000

Limits on benefits and contributions:

 

Defined contribution plans

$56,000

$55,000

$54,000

$53,000

 

Defined benefit plans

$225,000

$220,000

$215,000

$210,000

 

401(k), 403(b) and 457 plan elective deferrals

$19,000

$18,500

$18,000

$18,000

 

SIMPLE plan elective deferrals

$13,000

$12,500

$12,500

$12,500

 

IRA

$6,000

$5,500

$5,500

$5,500

Catch-up contributions:

 

401(k), 403(b) and 457 plans

$6,000

$6,000

$6,000

$6,000

 

SIMPLE plans

$3,000

$3,000

$3,000

$3,000

 

IRA

$1,000

$1,000

$1,000

$1,000

“Highly Compensated” definition

$125,000

$120,000

$120,000

$120,000

“Key Employee” definition:

 

Officer

$180,000

$175,000

$175,000

$170,000

 

1% owner

$150,000

$150,000

$150,000

$150,000

Social Security Taxable wage base

$132,900

$128,400

$127,200

$118,500