Plan Limits

The Internal Revenue Service has issued its annual cost-of-living adjustments applicable to dollar limitations for pension plans.

The dollar limits are as follows:

Plan/IRA Limits

2019

2018

2017

2016

401(k),403(b), and SARSEP maximum deferral $19,000 $18,500

$18,000

$18,000

457 maximum deferral $19,000 $18,500

$18,000

$18,000

Catch-up for 401(k), 403(b), SARSEP, and 457 $6,000 $6,000

$6,000

$6,000

SIMPLE election maximum deferral $13,000 $12,500

$12,500

$12,500

Catch-up for SIMPLE $3,000 $3,000

$3,000

$3,000

DB – annual benefit $225,000 $220,000

$215,000

$210,000

DC – annual contribution $56,000 $55,000

$54,000

$53,000

Compensation Limits $280,000 $275,000

$270,000

$265,000

Highly Compensated Employees Compensation $125,000 $120,000

$120,000

$120,000

Key Employees

Officer Compensation

$180,000

$175,000

$175,000

$170,000

Key Employees

1% Owner

$150,000

$150,000

$150,000

$150,000

Compensation Limits

Social Security

$132,900

$128,400

$127,200

$118,500