IRS Limits
Current IRS Limits on Benefits and Compensation |
| 2019 | 2018 | |
|
Qualified Plan
Compensation Limit
|
$280,000 | $275,000 |
|
401(k) / 403(b) / 457 Plans
Maximum Elective Deferral
|
$19,000 | $18,500 |
|
SIMPLE Plan
Maximum Elective Deferral
|
$13,000 | $12,500 |
|
401(k) / 403(b) / 457 Plans
Catch-Up Contribution Limit
|
$6,000 | $6,000 |
|
SIMPLE Plan
Catch-Up Contribution Limit
|
$3,000 | $3,000 |
|
Highly Compensated
Compensation Test
|
$125,000 | $120,000 |
|
Key Employee
Compensation Test
|
$180,000 | $175,000 |
|
Social Security
Taxable Wage Base
|
$132,900 | $128,400 |
|
Defined Contribution Plan
Annual Additions Limit
|
$56,000 | $55,000 |
|
Defined Benefit Plan
Annual Benefit Limit
|
$225,000 | $220,000 |
