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Retirement Plan Limits for 2019

The Internal Revenue service has recently announced the cost-of-living adjustments applicable to dollar limitations for tax qualified retirement plans.  The limits are generally effective January 1, of the current year.  The 2016 and 2017 limits are as follows:

Deferral Limits

2018

2019

Maximum 403(b), 457(b) & 401(k) Contributions

$18,500

$19,000

Maximum 401(k) Catch-Up Contribution

$6,000

$6,000

Simple Maximum

Simple Catch-Up

$12,500

$3,000

$13,000

$3,000

Benefit Limits



IRC 415(c) Defined Contribution

$55,000

$56,000

415(b) Defined Benefit

$220,000

$225,000

 

 

 

Compensation Limits 



Maximum Compensation Limit

$275,000

$280,000

Highly Compensated Employee

$120,000

$125,000

Key Employee Compensation for Top Heavy

$175,000

$180,000


 

 

Social Security

 

 

Social Security Wage Base (OASDI basis)

$128,400

$132,900


The above does not constitute, and should not be considered to be, legal or tax advice.  The tax rules are complicated and their impact on a particular individual may differ depending on the individuals specific circumstances.  Please consult with a legal or tax advisor regarding your specific situation.