Annual Plan Limits
The IRS annually announces cost-of-living adjustments for qualified retirement plans and IRAs. Some plan limits remain unchanged because the increase in the Consumer Price Index does not meet the thresholds for their adjustments, while others rise.
The Pension Source is pleased to offer this
chart for your reference.
2021 |
2020 |
2019 |
2018 |
|
| 401(K) and 403(b) Deferral Limit | 19,500 | 19,500 | 19,000 | 18,500 |
| 457 Deferral Limit | 19,500 | 19,500 | 19,000 | 18,500 |
| 401(k), 403(b), 457 Catch-up Contribution Limit | 6,500 | 6,500 | 6,000 | 6,000 |
| SIMPLE Deferral Limit | 13,500 | 13,500 | 13,000 | 12500 |
| SIMPLE Catch-up Contribution Limit | 3,000 | 3,000 | 3,000 | 3,000 |
| Annual Compensation Limit | 290,000 | 285,000 | 280,000 | 275,000 |
| Defined Benefit 415 Limit | 230,000 | 230,000 | 225,000 | 220,000 |
| Defined Contribution 415 Limit | 58,000 | 57,000 | 56,000 | 55,000 |
| Dollar Limit for HCEs | 130,000 | 130,000 | 125,000 | 120,000 |
| Dollar Limit for Key Employee | 185,000 | 185,000 | 180,000 | 175,000 |
| Social Security Taxable Wage Base | 142,800 | 137,700 | 132,900 | 128,400 |
401(K) and 403(b) Deferral Limit |
|
| 2021 | 19,500 |
| 2020 | 19,500 |
| 2019 | 19,000 |
| 2018 | 18,500 |
457 Deferral Limit |
|
| 2021 | 19,500 |
| 2020 | 19,500 |
| 2019 | 19,000 |
| 2018 | 18,500 |
401(k), 403(b), 457 Catch-up Contribution Limit |
|
| 2021 | 6,500 |
| 2020 | 6,500 |
| 2019 | 6,000 |
| 2018 | 6,000 |
SIMPLE Deferral Limit |
|
| 2021 | 13,500 |
| 2020 | 13,500 |
| 2019 | 13,000 |
| 2018 | 12,500 |
SIMPLE Catch-up Contribution Limit |
|
| 2021 | 3,000 |
| 2020 | 3,000 |
| 2019 | 3,000 |
| 2018 | 3,000 |
Annual Compensation Limit |
|
| 2021 | 290,000 |
| 2020 | 285,000 |
| 2019 | 280,000 |
| 2018 | 275,000 |
Defined Benefit 415 Limit |
|
| 2021 | 230,000 |
| 2020 | 230,000 |
| 2019 | 225,000 |
| 2018 | 220,000 |
Defined Contribution 415 Limit |
|
| 2021 | 58,000 |
| 2020 | 57,000 |
| 2019 | 56,000 |
| 2018 | 55,000 |
Dollar Limit for HCEs |
|
| 2021 | 130,000 |
| 2020 | 130,000 |
| 2019 | 125,000 |
| 2018 | 120,000 |
Dollar Limit for Key Employee |
|
| 2021 | 185,000 |
| 2020 | 185,000 |
| 2019 | 180,000 |
| 2018 | 175,000 |
Social Security Taxable Wage Base |
|
| 2021 | 142,800 |
| 2020 | 137,700 |
| 2019 | 132,900 |
| 2018 | 128,400 |