Contribution Limits

2020 Annual Plan Limits

2020

2019

2018

Contribution and Benefit Limits
Defined Contribution Plans $57,000 $56,000 $55,000
Defined Benefit/Cash Balance Plan - Annuity Limit $230,000 $225,000 $220,000
Cash Balance Maximum Lump Sum $3,000,000 $2,900,000 $2,800,000
401(k), 403(b) and 457 Plan Elective Deferrals $19,500 $19,000 $18,500
SIMPLE Plan Elective Deferrals $13,500 $13,000 $12,500
IRA (Traditional and Roth) $6,000 $6,000 $5,500
Catch-Up Contributions
401(k), 403(b) and 457 Plans $6,500 $6,000 $6,000
SIMPLE Plans $3,000 $3,000 $3,000
IRA $1,000 $1,000 $1,000
Other
Maximum Considered Compensation $285,000 $280,000 $275,000
Social Security Taxable Wage Base $137,700 $132,900 $128,400
Definition of Highly Compensated Employee $130,000 $125,000 $120,000
Definition of Key Employee $185,000 $180,000 $175,000