Annual Limits and Industry Links

On an annual basis, the IRS announces cost-of-living adjustments applicable for qualified retirement plans and IRAs. Some plan limits may remain unchanged year-to-year because the increase in the Consumer Price Index does not meet the thresholds for their adjustments, while other limits may increase.

LatitudeTM is pleased to provide this table for your convenience.

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