IRS Limits on Employee Contributions to Retirement Plans
Deferrals – 401(k), 403(b), 457(b), SARSEP
$23,500
$23,000
$22,500
Catch-up – 401(k), 403(b), 457(b), SARSEP
7,500
7,500
7,500
Catch-up (ages 60-63) – 401(k), 403(b), Gov’t 457(b)
11,250
–
–
Deferrals – SIMPLE
16,500
16,000
15,500
Catch-up – SIMPLE
3,500
3,500
3,500
Catch-up (ages 60-63) – SIMPLE
5,250
–
–
Deferrals – Starter(k)
6,000
6,000
–
Catch-up – Starter(k)
1,000
1,000
–
IRS Limits on Distributions from Retirement Plans
Domestic Abuse Victim Distributions
$ 10,300
$ 10,000
–
IRS Limits on Benefits & Employer Contributions
Defined Contribution – Annual Additions (“415 Limit”)
$ 70,000
$ 69,000
$ 66,000
Defined Benefit – Annual Benefit (“415 Limit”)
280,000
275,000
265,000
IRS Limits on Compensation
Annual Compensation
$350,000
$345,000
$330,000
Highly Compensated Employee (“HCE”)
160,000
155,000
150,000
Key Employee-Officer
230,000
220,000
215,000
Qualifying Longevity Annuity Contract (QLAC)
210,000
200,000
200,000
Social Security Taxable Wage Base
176,100
168,600
160,200
