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

Annual Compensation and Contribution Limits for Qualified Retirement Plans
  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 12,500

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