Annual Limits

  Resources / Annual Limits

Each year the IRS announces cost of living adjustments for qualified retirement plans. Great Lakes is pleased to present the current year limits as well as the prior three years below.

 

 
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 12,500 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

 132,900 128,400 127,200 118,500