Retirement Plan Contribution Limits

401K PLAN CONTRIBUTION LIMITS AND OTHER KEY NUMBERS

IRS Limit201920182017
Defined Contribution Limitation$56,000$55,000$54,000
Annual Deferral for 401(k) Plans$19,000$18,000$18,000
401(k) Catch-Up Contribution (over the age of 50)$6,000$6,000$6,000
Annual Limit on Compensation$280,000$275,000$270,000
Threshold for Highly Compensated Employees$125,000$120,000$120,000
Key Employee Threshold for Offices$180,000$175,000$170,000
Social Security Taxable Wage Base$132,900$128,700$118,500


SIMPLE Plans
Annual Deferrals$13,000$12,500$12,500
Catch up Contributions (over the age of 50)$3,000$3,000$3,000


IRA's
Annual Contribution$6,000$5,500$5,500
Catch up Contributions (over the age of 50)$1,000$1,000$1,000