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Annual Plan Limits

The IRS announces annual cost-of-living adjustments (COLA) for qualified retirement plans and IRAs. Some plan limits remain unchanged due to the increase in the Consumer Price Index (CPI), while others may rise year-to-year.

All dates are applicable for plans which follow a calendar plan year. Please contact us directly for the applicable dates for non-calendar year plans.

Contact us with questions about your situation.

2021
401(K) and 403(b) Deferral Limit
$19,500
457 Deferral Limit
$19,500
401(k), 403(b), 457 Catch-up Contribution Limit
$6,500
SIMPLE Deferral Limit
$13,500
SIMPLE Catch-up Contribution Limit
$3,000
Annual Compensation Limit
$290,000
Defined Benefit 415 Limit
$230,000
Defined Contribution 415 Limit
$58,000
Dollar Limit for HCEs
$130,000
Dollar Limit for Key Employee
$185,000
Social Security Taxable Wage Base
$142,800
2020
401(K) and 403(b) Deferral Limit
$19,500
457 Deferral Limit
$19,500
401(k), 403(b), 457 Catch-up Contribution Limit
$6,500
SIMPLE Deferral Limit
$13,500
SIMPLE Catch-up Contribution Limit
$3,000
Annual Compensation Limit
$285,000
Defined Benefit 415 Limit
$230,000
Defined Contribution 415 Limit
$57,000
Dollar Limit for HCEs
$130,000
Dollar Limit for Key Employee
$185,000
Social Security Taxable Wage Base
$137,700
2019
401(K) and 403(b) Deferral Limit
$19,000
457 Deferral Limit
$19,000
401(k), 403(b), 457 Catch-up Contribution Limit
$6,000
SIMPLE Deferral Limit
$13,000
SIMPLE Catch-up Contribution Limit
$3,000
Annual Compensation Limit
$280,000
Defined Benefit 415 Limit
$225,000
Defined Contribution 415 Limit
$56,000
Dollar Limit for HCEs
$125,000
Dollar Limit for Key Employee
$180,000
Social Security Taxable Wage Base
$132,900
2018
401(K) and 403(b) Deferral Limit
$18,500
457 Deferral Limit
$18,500
401(k), 403(b), 457 Catch-up Contribution Limit
$6,000
SIMPLE Deferral Limit
$12500
SIMPLE Catch-up Contribution Limit
$3,000
Annual Compensation Limit
$275,000
Defined Benefit 415 Limit
$220,000
Defined Contribution 415 Limit
$55,000
Dollar Limit for HCEs
$120,000
Dollar Limit for Key Employee
$175,000
Social Security Taxable Wage Base
$128,400