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