LIMITS

Retirement Plan Contribution
and Benefit Limits


MAXIMUM DOLLAR LIMITS

 

2019

2018

2017

Annual employee contribution limit for 401(k), 403(b), or 457 savings plans

$19,000

$18,500

$18,000

Annual catch-up contribution limit for 401(k), 403(b) or 457 savings plans if employee is age 50 or over

$6,000

$6,000

$6,000

Maximum annual benefit payable by a defined benefit pension plan

$225,000

$220,000

$215,000

Annual limit for combined employer - employee contributions to a defined contribution plan

$56,000

$55,000

$54,000

Annual contribution limit to an Individual Retirement Account for individuals

Catch-up IRA Age 50 or over

$6,000

 

$1,000

$5,500

 

$1,000

$5,500

 

$1,000

Highly Compensated Employee Limits (HCE)

$125,000

$120,000

$120,000

Annual employee contribution for SIMPLE plans

$13,000

$12,500

$12,500

Annual catch-up employee contribution for SIMPLE plans if employee is age 50 and over

$3,000

$3,000

$3,000

Maximum Compensation Limit

$280,000

$275,000

$270,000

Maximum amount of wages taxable by Social Security

$132,900

$128,500

$127,200


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