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IRS Announces Key Retirement Plan Limits for 2019

IRS Announces Key Retirement Plan Limits for 2019

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Download this FYI Alert as a printable PDF

 

The IRS has issued Notice 2018-83 announcing the retirement plan limits for 2019.

Retirement Plan Limits

The table below lists the key 2019 limits side by side with those in effect for 2018 with changes bolded:

2019 2018
401(k)/403(b) elective deferral maximum $19,000 $18,500
§415 defined benefit dollar maximum $225,000 $220,000
§415 defined contribution annual addition maximum $56,000 $55,000
§457(b) nonqualified deferred compensation limit $19,000 $18,500
§401(a)(17) annual compensation limit $280,000 $275,000
§414(q) highly compensated employee limit $125,000 $120,000
§414(v) catch-up contribution limit $6,000 $6,000
§416(i) top-heavy officer limit $180,000 $ 175,000

 

In Closing

Our For Your Reference, a wallet-sized booklet showing retirement plan and other benefit limits, as well as various key Social Security and Medicare figures, will be available shortly from your consultant.

 

 

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