retirement plan limits

At Premier Plan Consultants, we strive to keep you informed on retirement plan topics and changes. Below is a snapshot of this year's retirement plan funding limits and information on next year's maximum funding levels. For more information and/or questions about how you and your business can utilize this information to align with your retirement plan goals, please give us a call today.

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Annual Compensation 

Taxable Wage Base

Highly Compensated

Defined Contribution

Contribution Limit

Catch-up Contribution 

Defined Benefit

SIMPLE 401(k) Limit

SIMPLE 401(k) Catch-up

IRA

IRA Catch-up

 2019

 

$280,000

$132,900

$125,000

$56,000

$19,000

$6,000

$225,000

$13,000

$3,000

$6,000

$1,000

2020

 

$285,000

$137,700

$130,000

$57,000

$19,500

$6,500

$230,000

$13,500

$3,000

$6,000

$1,000

(858) 257 - 3555

tom burns 

san diego

TPA

Third party administrator 

pension

401k

401(k)

retirement plan

retirement planning

form 5500

administration