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Contribution Limits

Annual Dollar Limits

The table below shows the dollar limitations that affect qualified plans.

Description 2019     2018
IRA $6,000     $5,500
IRA Catch-up (50 or older) $1,000     $1,000
401(k), 403(b) & 457 Deferrals $19,000     $18,500
401(k), 403(b) & 457 Catch-up $6,000     $6,000
SIMPLE Deferrals $13,000     $12,500
SIMPLE Catch-up $3,000     $3,000
Section 415 Limit $56,000     $55,000
Defined Benefit Limit $225,000     $220,000
Compensation Limit $280,000     $275,000
HCE Comp Limit $125,000     $120,000
Key Employee Officer $180,000     $175,000
   

IRS COLA Increases for Dollar Limitations on Benefits and Contributions