Important Plan Limits

IRS Announces Plan Limits for 2019

On November 1, 2018, the Internal Revenue Service announced cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2019. We have presented a few of the more important plan limits below. For more information, please contact us at 1-800-594-7700.

Description

2018 2019
401(k) Deferrals
18,500
19,000
401(k) Catch-Up Deferrals (Age 50+)
6,000 6,000
SIMPLE Deferrals
12,500
13,000
SIMPLE Catch-Up Deferrals (Age 50+)
3,000 3,000
DC Plan Contribution Limit (Section 415)
55,000
56,000
Plan Compensation Limit
275,000
280,000
HCE Compensation Limit
120,000
125,000
SS Taxable Wage Base
128,400
132,900