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Annual Contribution Limits

401(k), 403(b), Profit-Sharing Plans, etc.
Annual Compensation$345,000$330,000$305,000$290,000
Elective Deferrals$23,500$22,500$20,500$19,500
Catch-up Contributions1$7,500$7,500$6,500$6,500
Defined Contribution 415 Limits$69,000$66,000$61,000$58,000
Defined Benefit/Cash Balance Plans
Maximum Annual Benefit Payable$275,000$265,000$245,000$230,000
Single Employer Flat PBGC Rate Premium$101$96$88$86
Single Employer Variable Rate Premiums/$1,000 UVB$52$52$48$46
IRA Contribution Limit$7,000$6,500$6,000$6,000
IRA Catch-Up Contributions1$1,000$1,000$1,000$1,000
Traditional IRA AGI Deduction Phase-out Starting at
Joint Return$123,000$116,000$109,000$105,000
Single or Head of Household$77,000$73,000$68,000$66,000
SEP Minimum Compensation$750$750$650$650
SEP Maximum Contribution$69,000$66,000$61,000$58,000
SEP Maximum Compensation$345,000$330,000$305,000$290,000
SIMPLE Maximum Contributions$16,000$15,500$14,000$13,500
Catch-up Contributions1$3,500$3,500$3,000$3,000
Other Limits
HCE Threshold$155,000$150,000$135,000$130,000
Key Employee$220,000$215,000$200,000$185,000
Taxable Wage Base$168,600$160,200$147,000$142,800

1 individuals who are age 50 and older by the end of the calendar year may make catch-up contributions in addition to the contribution limit, if catch-up contributions are permitted under the plan.

*For Plans that are on an off-calendar year, compensation is based on the annual limits in effect at the beginning of the Plan Year. Contribution limits are based on the annual limits in effect at the end of the Plan Year.

This material was created to provide accurate and reliable information on the subjects covered. It is not intended to provide specific legal, tax or other professional advice. The services of an appropriate professional should be sought regarding your individual situation. The information above does not constitute, and should not be relied upon as, legal advice and is intended for informational purposes only.


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