On an annual basis, the Internal Revenue Service announces cost-of-living adjustments applicable for qualified retirement plans and IRAs. Some plan limits remain unchanged because the increase in the Consumer Price Index did not meet the thresholds for their adjustments, while others rise. For 2017, highlights included an increase in the Maximum annual contribution and an increase in the Social Security taxable wage Catch-up limit from $118,500 to $127,200.

 

Altigro is pleased to offer this chart for your reference.

 


Annual Compensation and Contribution Limits for Qualified Retirement Plans

  2019 2018 2017 2016

401(k) and 403(b) Deferral Limit

$19,000 $18,500 $18,000 $18,000

457 Deferral Limit

$19,000 $18,500 $18,000 $18,000

401(k), 403(b), 457 Catch-up Contribution Limit

$6,000 $6,000 $6,000 $6,000

SIMPLE Deferral Limit

$13,000 $12,500 $12,500 $12,500

SIMPLE Catch-up Contribution Limit

$3,000 $3,000 $3,000 $3,000

Annual Compensation Limit

$280,000 $275,000 $270,000 $265,000

Defined Benefit 415 Limit

$225,000 $220,000 $215,000 $210,000

Defined Contribution 415 Limit

$56,000 $55,000 $54,000 $53,000

Dollar Limit for HCEs

$125,000 $120,000 $120,000 $120,000

Dollar Limit for Key Employee

$180,000 $175,000 $175,000 $170,000

Social Security Taxable Wage Base

$132,900 $128,400 $127,200 $118,500