ANNUAL LIMITS



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 contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,500 to $19,000.
  • The limit on annual contributions to an IRA is increased from $5,500 to $6,000
  • The Annual Compensation limit is increased from $275,000 to $280,000
  • Social Security Taxable Wage Base has increased to $132,900 from $128,400

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.

  2019 2018 2017 2016

401(k) and 403(b) Deferral Limit

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

457 Deferral Limit

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

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

6,000 6,000 6,000 6,000

SIMPLE Deferral Limit

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

SIMPLE Catch-up Contribution Limit

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

Annual Compensation Limit

280,000 275,000 270,000 265,000

Defined Benefit 415 Limit

225,000 220,000 215,000 210,000

Defined Contribution 415 Limit

56,000 55,000 54,000 53,000

Dollar Limit for HCEs

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

Dollar Limit for Key Employee

180,000 175,000 175,000 170,000

Social Security Taxable Wage Base

132,900 128,400 127,200 118,500