Annual Plan Limits

Contribution rates

On an annual basis, the IRS announces cost-of-living adjustments applicable 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 rise.

Delaware Valley Retirement is pleased to offer this chart for your reference.

Contribution rates

Annual Compensation and Contribution Limits for Qualified Retirement Plans

2020
2019
2018
2017
401(k) and 403(b) Deferral Limit 19,500 19,000 18,500 18,000
457 Deferral Limit 19,500 19,000 18,500 18,000
401(k), 403(b), 457 Catch-up Contribution Limit 6,500 6,000 6,000 6,000
SIMPLE Deferral Limit 13,500 13,000 12,500 12,500
SIMPLE Catch-up Contribution Limit 3,000 3,000 3,000 3,000
Annual Compensation Limit 285,000 280,000 275,000 270,000
Defined Benefit 415 Limit 230,000 225,000 220,000 215,000
Defined Contribution 415 Limit 57,000 56,000 55,000 54,000
Dollar Limit for HCEs 130,000 125,000 120,000 120,000
Dollar Limit for Key Employee 185,000 180,000 175,000 170,000
Social Security Taxable Wage Base 137,700 132,900 128,400 127,200

 

401(k) and 403(b) Deferral Limit
2020 2019 2018 2017
19,500 19,000 18,500 18,000
457 Deferral Limit
2020 2019 2018 2017
19,500 19,000 18,500 18,000
401(k), 403(b), 457 Catch-up Contribution Limit
2020 2019 2018 2017
6,500 6,000 6,000 6,000
SIMPLE Deferral Limit
2020 2019 2018 2017
13,500 13,000 12,500 12,500
SIMPLE Catch-up Contribution Limit
2020 2019 2018 2017
3,000 3,000 3,000 3,000
Annual Compensation Limit
2020 2019 2018 2017
285,000 280,000 275,000 270,000
Defined Benefit 415 Limit
2020 2019 2018 2017
230,000 225,000 220,000 215,000

 

Defined Contribution 415 Limit
2020 2019 2018 2017
57,000 56,000 55,000 54,000

 

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

 

Dollar Limit for Key Employee
2020 2019 2018 2017
185,000 180,000 175,000 170,000

 

Social Security Taxable Wage Base
2020 2019 2018 2017
137,700 132,900 128,400 127,200