2019 Retirement Plan Limits

The IRS has announced cost-of-living adjustments affecting dollar limitations for retirement plans and other retirement-related items for tax year 2019.

 

Plan Limits for Year 2019 2018
401(k) Elective Deferrals $19,000 $18,500
Catch-Up Contribution Limit $6,000 $6,000
Annual Defined Contribution Limit $56,000 $55,000
Annual Compensation Limit $280,000 $275,000
Annual Defined Benefit Plan Limit $225,000 $220,000
Highly Compensated Employees $125,000 $120,000
Key Employees $180,000 $175,000
Related Limits
403(b)/457 Elective Deferrals $19,000 $18,500
SIMPLE Employee  Deferrals $13,000 $12,500
SIMPLE Catch-Up Deferral $3,000 $3,000
SEP Minimum Compensation $600 $600
SEP Annual Compensation Limit $280,000 $275,000
Social Security  Wage Base $132,900 $128,400

 

The companies of National Life Group® and their representatives do not offer tax or legal advice. Please encourage your clients to seek tax or legal advice from their appropriate professional advisor.

TC105153(1118)1