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.

2021
2020
2019
2018
401(K) and 403(b) Deferral Limit 19,500 19,500 19,000 18,500
457 Deferral Limit 19,500 19,500 19,000 18,500
401(k), 403(b), 457 Catch-up Contribution Limit 6,500 6,500 6,000 6,000
SIMPLE Deferral Limit 13,500 13,500 13,000 12500
SIMPLE Catch-up Contribution Limit 3,000 3,000 3,000 3,000
Annual Compensation Limit 290,000 285,000 280,000 275,000
Defined Benefit 415 Limit 230,000 230,000 225,000 220,000
Defined Contribution 415 Limit 58,000 57,000 56,000 55,000
Dollar Limit for HCEs 130,000 130,000 125,000 120,000
Dollar Limit for Key Employee 185,000 185,000 180,000 175,000
Social Security Taxable Wage Base 142,800 137,700 132,900 128,400
401(K) and 403(b) Deferral Limit
2021 19,500
2020 19,500
2019 19,000
2018 18,500
457 Deferral Limit
2021 19,500
2020 19,500
2019 19,000
2018 18,500
401(k), 403(b), 457 Catch-up Contribution Limit
2021 6,500
2020 6,500
2019 6,000
2018 6,000
SIMPLE Deferral Limit
2021 13,500
2020 13,500
2019 13,000
2018 12,500
SIMPLE Catch-up Contribution Limit
2021 3,000
2020 3,000
2019 3,000
2018 3,000
Annual Compensation Limit
2021 290,000
2020 285,000
2019 280,000
2018 275,000
Defined Benefit 415 Limit
2021 230,000
2020 230,000
2019 225,000
2018 220,000
Defined Contribution 415 Limit
2021 58,000
2020 57,000
2019 56,000
2018 55,000
Dollar Limit for HCEs
2021 130,000
2020 130,000
2019 125,000
2018 120,000
Dollar Limit for Key Employee
2021 185,000
2020 185,000
2019 180,000
2018 175,000
Social Security Taxable Wage Base
2021 142,800
2020 137,700
2019 132,900
2018 128,400