Annual Plan Limits

Each year the U.S. government adjusts the limits for qualified plans and Social Security to reflect cost-of living adjustments and changes in the law. Many of these limits are based on the "plan year" as defined in the plan document. The elective deferral and catch-up limits are always based on the calendar year.

Limits 2019 2018 2017
Compensation $280,000 $275,000 $270,000
Defined Contribution plan maximum contribution $56,000 $55,000 $54,000
Defined Benefit plan maximum contribution $225,000 $220,000 $215,000
401(k), 403(b) and 457 plan elective deferrals $19,000 $18,500 $18,000
SIMPLE plan effective deferrals $13,000 $12,500 $12,500
IRA $6,000 $5,500 $5,500
Catch-up contributions
401(k), 403(b) and 457 plans $6,000 $6,000 $6,000
SIMPLE plans $3,000 $3,000 $3,000
IRA $1,000 $1,000 $1,000
Highly Compensated Salary Threshold $125,000 $120,000 $120,000
Officer Salary Threshold $180,000 $175,000 $175,000
Social Security taxable wage base $132,900 $128,400 $127,200