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