Contribution Limits

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2021 Annual Plan Limits

2021

2020

2019

Contribution and Benefit Limits
Defined Contribution Plans $58,000 $57,000 $56,000
Defined Benefit/Cash Balance Plan - Annuity Limit $230,000 $230,000 $225,000
Cash Balance Maximum Lump Sum $3,000,000 $3,000,000 $2,900,000
401(k), 403(b) and 457 Plan Elective Deferrals $19,500 $19,500 $19,000
SIMPLE Plan Elective Deferrals $13,500 $13,500 $13,000
IRA (Traditional and Roth) $6,000 $6,000 $6,000
Catch-Up Contributions
401(k), 403(b) and 457 Plans $6,500 $6,500 $6,000
SIMPLE Plans $3,000 $3,000 $3,000
IRA $1,000 $1,000 $1,000
Other
Maximum Considered Compensation $290,000 $285,000 $280,000
Social Security Taxable Wage Base $142,800 $137,700 $132,900
Definition of Highly Compensated Employee $130,000 $130,000 $125,000
Definition of Key Employee $185,000 $185,000 $180,000