Gelman Pension Consulting, Inc.
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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.

2019 2018
Maximum compensation limit $280,000 $275,000
Defined contribution plan maximum contribution $56,000 $55,000
Defined benefit plan maximum contribution $225,000 $220,000
401(k), 403(b) and 457 plan elective maximum elective deferrals $19,000 $18,500
      Catch-up contributions $6,000 $6,000
SIMPLE plan elective deferrals $13,000 $12,500
      Catch-up contributions $3,000 $3,000
IRA $6,000 $5,500
      Catch-up contributions  $1,000 $1,000
Highly Compensated Salary Threshold $125,000 $120,000
Officer Salary Threshold $180,000 $175,000
Social Security taxable wage base $132,900 $128,400

 

     


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