Plan Limits
Plan Limits | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
$142.800 | $142.800 | $137,700 | $132,900 | $128,400 | $127,200 |
$290,000 | $290,000 | $285,000 | $280,000 | $275,000 | $270,000 |
Limits on Benefits and Contributions
401(k), 403(b), and 457 Plan Elective Deferrals | $19,500 | $19,500 | $19,000 | $18,500 | $18,000 |
Defined Benefit Plans | $230,000 | $230,000 | $225,000 | $220,000 | $215,000 |
Defined Contribution Plans | $58,000 | $57,000 | $56,000 | $55,000 | $54,000 |
SIMPLE Plan Elective Deferrals | $13,500 | $13,500 | $13,000 | $12,500 | $12,500 |
IRA | $6,000 | $6,000 | $6,000 | $5,500 | $5,500 |
HCE “Highly Compensated Employee” Definition | $130,000 | $130,000 | $125,000 | $120,000 | $120,000 |
Catch‐Up Contributions
(Applicable at age 50)
401(k), 403(b), & 457 Plans | $6,500 | $6,000 | $6,000 | $6,000 | $6,000 |
SIMPLE Plans | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
IRA | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
“Key Employee” Definition
Officer | $185,000 | $180,000 | $175,000 | $170,000 | $170,000 |
1% Owner | $150,000 | $150,000 | $150,000 | $150,000 | $150,000 |