Annual Limits

Annual Limits

Annual Contribution Rates

On an annual basis, the IRS announces cost-of-living adjustments applicable for qualified retirement plans and IRAs. Some plan limits remain unchanged because the increase in the Consumer Price Index does not meet the thresholds for their adjustments, while others rise. For 2019, highlights include an increase if the Maximum Annual Contribution Limit for 401(k), 403(b) and 457 plans from $18,500 to $19,000 and an increase in the Annual Compensation Limit from $275,000 to $280.000.

Michigan Pension & Financial is pleased to offer this chart for your reference.

Annual Compensation and Contribution Limits for Qualified Retirement Plans

2019 2018 2017 2016
401(K) and 403(b) Deferral Limit 19,000 18,500 18,000 18,000
457 Deferral Limit 19,000 18,500 18,000 18,000
401(k), 403(b), 457 Catch-up Contribution Limit 6,000 6,000 6,000 6,000
SIMPLE Deferral Limit 13,000 12500 12,500 12,500
SIMPLE Catch-up Contribution Limit 3,000 3,000 3,000 3,000
Annual Compensation Limit 280,000 275,000 270,000 265,000
Defined Benefit 415 Limit 225,000 220,000 215,000 210,000
Defined Contribution 415 Limit 56,000 55,000 54,000 53,000
Dollar Limit for HCEs 125,000 120,000 120,000 120,000
Dollar Limit for Key Employee 180,000 175,000 175,000 170,000
Social Security Taxable Wage Base 132,900 128,700 127,200 118,500

Annual Contribution Rates

On an annual basis, the IRS announces cost-of-living adjustments applicable for qualified retirement plans and IRAs. Some plan limits remain unchanged because the increase in the Consumer Price Index does not meet the thresholds for their adjustments, while others rise. For 2018, highlights include an increase if the Maximum Annual Contribution Limit for 401(k), 403(b) and 457 plans from $18,000 to $18,500 and an increase in the Annual Compensation Limit from $270,000 to $275.000.

Michigan Pension & Financial is pleased to offer this chart for your reference.

 

Annual Compensation and Contribution Limits for Qualified Retirement Plans

401(K) and 403(b) Deferral Limit
2019 19,000
2018 18,500
2017 18,000
2016 18,000
457 Deferral Limit
2019 19,000
2018 18,500
2017 18,000
2016 18,000
401(k), 403(b), 457 Catch-up Contribution Limit
2019 6,000
2018 6,000
2017 6,000
2016 6,000
SIMPLE Deferral Limit
2019 13,000
2018 12,500
2017 12,500
2016 12,500
SIMPLE Catch-up Contribution Limit
2019 3,000
2018 3,000
2017 3,000
2016 3,000
Annual Compensation Limit
2019 280,000
2018 275,000
2017 270,000
2016 265,000
Defined Benefit 415 Limit
2019 225,000
2018 220,000
2017 215,000
2016 210,000
Defined Contribution 415 Limit
2019 56,000
2018 55,000
2017 54,000
2016 53,000
Dollar Limit for HCEs
2019 125,000
2018 120,000
2017 120,000
2016 120,000
Dollar Limit for Key Employee
2019 180,000
2018 175,000
2017 175,000
2016 170,000
Social Security Taxable Wage Base
2019 132,900
2018 128,700
2017 127,200
2016 118,500

 

These are IRS limits. We, however, know no limits to keeping our clients satisfied.

Helpful Links

Industry Links

Please Note:

The information being provided here is strictly as a courtesy. When you access one of these websites, you are leaving our website and assume total responsibility and risk for your use of the websites you are linking to. We make no representation as to the completeness or accuracy of information provided at these websites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this website.

We take your liability – and ours – seriously.