401k and Retirement Plan Limits for the Tax Year 2019

The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019.

401k Contribution

Highlights of Changes for 2019

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 catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan remains unchanged at $6,000.


Chart of Select Limits
401k Plan Limits for Year 2019 2018 2017 2016 2015 2014 2013
401k Elective Deferrals $19,000 $18,500 $18,000 $18,000 $18,000 $17,500 $17,500
Annual Defined Contribution Limit $56,000 $55,000 $54,000 $53,000 $53,000 $52,000 $51,000
Annual Compensation Limit $280,000 $275,000 $270,000 $265,000 $265,000 $260,000 $255,000
Catch-Up Contribution Limit $6,000 $6,000 $6,000 $6,000 $6,000 $5,500 $5,500
Highly Compensated Employees $125,000 $120,000 $120,000 $120,000 $120,000 $115,000 $115,000
 
Non-401k Related Limits
403b/457 Elective Deferrals $19,000 $18,500 $18,000 $18,000 $18,000 $17,500 $17,500
SIMPLE Employee Deferrals $13,000 $12,500 $12,500 $12,500 $12,500 $12,000 $12,000
SIMPLE Catch-Up Deferral $3,000 $3,000 $3,000 $3,000 $3,000 $2,500 $2,500
SEP Minimum Compensation $600 $600 $600 $600 $600 $550 $550
SEP Annual Compensation Limit $280,000 $275,000 $270,000 $265,000 $265,000 $260,000 $255,000
Social Security Wage Base $132,900 $128,400 $127,200 $118,500 $118,500 $117,000 $113,700