The IRS places limits on the annual dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. The Internal Revenue Code (IRC) requires these limits to be adjusted annually for cost-of-living increases. FRC is pleased to present this table for your convenient reference.


Annual Compensation and Contribution Limits for Qualified Retirement Plans
  2020 2019 2018 2017

401(k) and 403(b) Deferral Limit

19,500 19,000 18,500 18,000

457 Deferral Limit

19,500 19,000 18,500 18,000

401(k), 403(b), 457 Catch-up Contribution Limit

6,500 6,000 6,000 6,000

SIMPLE Deferral Limit

13,500 13,000 12,500 12,500

SIMPLE Catch-up Contribution Limit

3,000 3,000 3,000 3,000

Annual Compensation Limit

285,000 280,000 275,000 270,000

Defined Benefit 415 Limit

230,000 225,000 220,000 215,000

Defined Contribution 415 Limit

57,000 56,000 55,000 54,000

Dollar Limit for HCEs

130,000 125,000 120,000 120,000

Dollar Limit for Key Employee

185,000 180,000 175,000 175,000

Social Security Taxable Wage Base

137,700 132,900 128,400 127,200