Annual Plan Limits


  2019 2018 2017 2016 2015
Compensation $280,000 $275,000 $270,000 $265,000 $265,000
Limits on benefits and contributions:
  • Defined contribution plans
$56,000 $55,000 $54,000 $53,000 $53,000
  • Defined benefit plans
$225,000 $220,000 $215,000 $210,000 $210,000
  • 401(k), 403(b) and 457 plan elective deferrals
$19,000 $18,500 $18,000 $18,000 $18,000
  • SIMPLE plan elective deferrals
$13,000 $12,500 $12,500 $12,500 $12,500
  • IRA
$6,000 $5,500 $5,500 $5,500 $5,500
Catch-up contributions:
  • 401(k), 403(b) and 457 plans
$6,000 $6,000 $6,000 $6,000 $6,000
  • SIMPLE plans
$3,000 $3,000 $3,000 $3,000 $3,000
  • IRA
$1,000 $1,000 $1,000 $1,000 $1,000
"Highly Compensated" definition $125,000 $120,000 $120,000 $120,000 $120,000
"Key Employee" definition:
  • Officer
$180,000 $175,000 $175,000 $170,000 $170,000
  • 1% owner
$150,000 $150,000 $150,000 $150,000 $150,000
Social Security Taxable wage base $132,900 $128,400 $127,200 $118,500 $118,500