2019 IRS Annual Plan Limit increases
On November 1, 2018, the Internal Revenue Service announced the 2019 cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019.
The announcement highlighted the following:
The tax law places limits on the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. The Internal Revenue Code (IRC) requires the limits to be adjusted annually for cost-of-living increases. ASC Trust is pleased to present this table for your convenience.
401(k) and 403(b) Deferral Limit
457 Deferral Limit
401(k), 403(b), 457 Catch-up Contribution Limit
SIMPLE Deferral Limit
SIMPLE Catch-up Contribution Limit
Annual Compensation Limit
Defined Benefit 415 Limit
Defined Contribution 415 Limit
Dollar Limit for HCEs
Dollar Limit for Key Employee
Social Security Taxable Wage Base