Retirement Plan Limits

Overview

This chart is designed to give you a basic overview of contribution limits. It is not intended as a substitute for specific individualized tax advice. It is recommended that clients consult with a qualified tax advisor before making a contribution. 

Tax Year

2019

2018

2017

IRA Contribution Limit - 219(b)(5)(A) - Under Age 50

6,000

5,500

5,500

IRA Catch-Up Contribution Limit - 219(b)(5)(B) - Age 50 or Over

1,000

1,000

1,000

SIMPLE IRA Maximum Contributions - 408(p)(2)(E) - Under Age 50

13,000

12,500

12,500

SIMPLE IRA Maximum Catch-Up Contribution - 414(v)(2)(B)(ii)

Age 50 or Over

3,000

3,000

3,000

Coverdell ESA Contribution Limit *

2,000

2,000

2,000

Employer Defined Contribution Limit - 415(c)(1)(A)

56,000

55,000

54,000

Elective Deferral Limit - 402(g)(1)

19,000

18,500

18,000

Elective Deferral Catch-Up Limit - 414(v)(2)(B)(i)

6,000

6,000

6,000

Annual Compensation Cap - 401(a)(17)/404(I)

280,000

275,000

270,000

SEP Minimum Compensation - 408(k)(2)(C)

600

600

600

SEP Maximum Compensation - 408(k)(3)(C)

280,000

275,000

270,000

457 Elective Deferrals - 457(e)(15)

19,000

18,500

18,000

Defined Benefit Limit - 415(b)(1)(A)

225,000

220,000

215,000

Highly Compensated Employee (HCE) - 414(q)(1)(B)

125,000

120,000

120,000

Key Employee - 416(i)(1)(A)(i)

180,000

175,000

175,000

Taxable Wage Base

132,900

128,400

127,200