Annual Plan Limits
Contribution rates
On an annual basis, the IRS announces cost-of-living adjustments applicable for qualified retirement plans and IRAs. Some plan limits remain unchanged because the increase in the Consumer Price Index does not meet the thresholds for their adjustments, while others rise.
Delaware Valley Retirement is pleased to offer this chart for your reference.
Contribution rates
Annual Compensation and Contribution Limits for Qualified Retirement Plans
2021 |
2020 |
2019 |
2018 |
|
| 401(k) and 403(b) Deferral Limit | 19,500 | 19,500 | 19,000 | 18,500 |
| 457 Deferral Limit | 19,500 | 19,500 | 19,000 | 18,500 |
| 401(k), 403(b), 457 Catch-up Contribution Limit | 6,500 | 6,500 | 6,000 | 6,000 |
| SIMPLE Deferral Limit | 13,500 | 13,500 | 13,000 | 12,500 |
| SIMPLE Catch-up Contribution Limit | 3,000 | 3,000 | 3,000 | 3,000 |
| Annual Compensation Limit | 290,000 | 285,000 | 280,000 | 275,000 |
| Defined Benefit 415 Limit | 230,000 | 230,000 | 225,000 | 220,000 |
| Defined Contribution 415 Limit | 58,000 | 57,000 | 56,000 | 55,000 |
| Dollar Limit for HCEs | 130,000 | 130,000 | 125,000 | 120,000 |
| Dollar Limit for Key Employee | 185,000 | 185,000 | 180,000 | 175,000 |
| Social Security Taxable Wage Base | 142,800 | 137,700 | 132,900 | 128,400 |
401(k) and 403(b) Deferral Limit
| 2021 | 2020 | 2019 | 2018 |
| 19,500 | 19,500 | 19,000 | 18,500 |
457 Deferral Limit
| 2021 | 2020 | 2019 | 2018 |
| 19,500 | 19,500 | 19,000 | 18,500 |
401(k), 403(b), 457 Catch-up Contribution Limit
| 2021 | 2020 | 2019 | 2018 |
| 6,500 | 6,500 | 6,000 | 6,000 |
SIMPLE Deferral Limit
| 2021 | 2020 | 2019 | 2018 |
| 13,500 | 13,500 | 13,000 | 12,500 |
SIMPLE Catch-up Contribution Limit
| 2020 | 2019 | 2018 | 2017 |
| 3,000 | 3,000 | 3,000 | 3,000 |
Annual Compensation Limit
| 2021 | 2020 | 2019 | 2018 |
| 290,000 | 285,000 | 280,000 | 275,000 |
Defined Benefit 415 Limit
| 2021 | 2020 | 2019 | 2018 |
| 230,000 | 230,000 | 225,000 | 220,000 |
Defined Contribution 415 Limit
| 2021 | 2020 | 2019 | 2018 |
| 58,000 | 57,000 | 56,000 | 55,000 |
Dollar Limit for HCEs
| 2020 | 2019 | 2018 | 2017 |
| 130,000 | 130,000 | 125,000 | 120,000 |
Dollar Limit for Key Employee
| 2021 | 2020 | 2019 | 2018 |
| 185,000 | 185,000 | 180,000 | 175,000 |
Social Security Taxable Wage Base
| 2021 | 2020 | 2019 | 2018 |
| 142,800 | 137,700 | 132,900 | 128,400 |