Annual Contribution Rates

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. 

Red Bank Pension Services is pleased to offer this chart for your reference. 

Annual Compensation and Contribution Limits for Qualified Retirement Plans

2020
2019
2018
2017
401(K) and 403(b) Deferral Limit 19,500 19,000 18,500 18,000
457 Deferral Limit 19,500 19,000 18,500 18,000
401(k), 403(b), 457 Catch-up Contribution Limit 6,500 6,000 6,000 6,000
SIMPLE Deferral Limit 13,500 13,000 12500 12,500
SIMPLE Catch-up Contribution Limit 3,000 3,000 3,000 3,000
Annual Compensation Limit 285,000 280,000 275,000 270,000
Defined Benefit 415 Limit 230,000 225,000 220,000 215,000
Defined Contribution 415 Limit 57,000 56,000 55,000 54,000
Dollar Limit for HCEs 130,000 125,000 120,000 120,000
Dollar Limit for Key Employee 185,000 180,000 175,000 175,000
Social Security Taxable Wage Base 137,700 132,900 128,400 127,200

Annual Compensation and Contribution Limits for Qualified Retirement Plans

401(K) and 403(b) Deferral Limit
2020 19,500
2019 19,000
2018 18,500
2017 18,000
457 Deferral Limit
2020 19,500
2019 19,000
2018 18,500
2017 18,000
401(k), 403(b), 457 Catch-up Contribution Limit
2020 6,500
2019 6,000
2018 6,000
2017 6,000
SIMPLE Deferral Limit
2020 13,500
2019 13,000
2018 12,500
2017 12,500
SIMPLE Catch-up Contribution Limit
2020 3,000
2019 3,000
2018 3,000
2017 3,000
Annual Compensation Limit
2020 285,000
2019 280,000
2018 275,000
2017 270,000
Defined Benefit 415 Limit
2020 230,000
2019 225,000
2018 220,000
2017 215,000
Defined Contribution 415 Limit
2020 57,000
2019 56,000
2018 55,000
2017 54,000
Dollar Limit for HCEs
2020 130,000
2019 125,000
2018 120,000
2017 120,000
Dollar Limit for Key Employee
2020 185,000
2019 180,000
2018 175,000
2017 175,000
Social Security Taxable Wage Base
2020 137,700
2019 132,900
2018 128,400
2017 127,200

If you have questions, let us know. We have answers.

Red Bank Pension Services: independent, flexible, experienced

We’re leaders in retirement plan administration.
How can we help you get where you want to go?

© 2019 Red Bank Pension Services. All rights reserved. Website by GSM Marketing