Resources • Annual Plan Limits

The IRS annually announces cost-of-living adjustments for qualified retirement plans and IRAs. Some plan limits remain unchanged because the increase in the Consumer Price Index does not meet the thresholds for their adjustments, while others may rise.

The Finway Group is pleased to offer this chart for your reference.

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
401(k) and 403(b) Deferral Limit
2021 2020 2019 2018
19,500 19,500 19,000 18,500
457 Deferral Limit
2021 2020 2019 2018
19,500 19,500 19,000 18,500
401(k), 403(b), 457 Catch-up Contribution Limit
2021 2020 2019 2018
6,500 6,500 6,000 6,000
SIMPLE Deferral Limit
2021 2020 2019 2018
13,500 13,500 13,000 12,500
SIMPLE Catch-up Contribution Limit
2020 2019 2018 2017
3,000 3,000 3,000 3,000
Annual Compensation Limit
2021 2020 2019 2018
290,000 285,000 280,000 275,000
Defined Benefit 415 Limit
2021 2020 2019 2018
230,000 230,000 225,000 220,000

 

Defined Contribution 415 Limit
2021 2020 2019 2018
58,000 57,000 56,000 55,000

 

Dollar Limit for HCEs
2020 2019 2018 2017
130,000 130,000 125,000 120,000

 

Dollar Limit for Key Employee
2021 2020 2019 2018
185,000 185,000 180,000 175,000

 

Social Security Taxable Wage Base
2021 2020 2019 2018
142,800 137,700 132,900 128,400
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