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 |
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| 401(k),403(b), and SARSEP maximum deferral | $19,000 | $18,500 |
$18,000 |
$18,000 |
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| 457 maximum deferral | $19,000 | $18,500 |
$18,000 |
$18,000 |
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| Catch-up for 401(k), 403(b), SARSEP, and 457 | $6,000 | $6,000 |
$6,000 |
$6,000 |
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| SIMPLE election maximum deferral | $13,000 | $12,500 |
$12,500 |
$12,500 |
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| Catch-up for SIMPLE | $3,000 | $3,000 |
$3,000 |
$3,000 |
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| DB – annual benefit | $225,000 | $220,000 |
$215,000 |
$210,000 |
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| DC – annual contribution | $56,000 | $55,000 |
$54,000 |
$53,000 |
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| Compensation Limits | $280,000 | $275,000 |
$270,000 |
$265,000 |
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| Highly Compensated Employees Compensation | $125,000 | $120,000 |
$120,000 |
$120,000 |
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| Key Employees
Officer Compensation |
$180,000 |
$175,000 |
$175,000 |
$170,000 |
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| Key Employees
1% Owner |
$150,000 |
$150,000 |
$150,000 |
$150,000 |
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| Compensation Limits
Social Security |
$132,900 |
$128,400 |
$127,200 |
$118,500 |
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