|
Maximum elective deferral to retirement plans (e.g. 401(k), 403(b), & 457)
|
$19,500
|
$20,500
|
|
401(k) Age 50+ catch-up contribution
|
$6,500
|
$6,500
|
|
Maximum IRA contribution limit
|
$6,000
|
$6,000
|
|
IRA Age 50+ catch-up contribution
|
$1,000
|
$1,000
|
|
Maximum elective deferral to SIMPLE plan
|
$13,500
|
$14,000
|
|
SEP minimum compensation amount
|
$650
|
$650
|
|
Annual includible compensation limit
|
$290,000
|
$305,000
|
|
Defined contribution plan annual addition limit (415 limit)
|
$58,000
|
$61,000
|
|
Highly compensated employee compensation limit
|
$130,000
|
$135,000
|
|
Annual retirement benefit limit under defined benefit plan (415 limit, not to exceed
100% of compensation)
|
$230,000
|
$245,000
|
