|
|
2021
|
2020
|
2019
|
2018
|
|
Qualified Plan
|
|
|
|
|
|
Compensation limit
|
$290,000
|
$285,000
|
$280,000
|
$275,000
|
|
|
|
|
|
|
401(k) and 403(b) Plan
|
|
|
|
|
|
Maximum elective deferral
|
$19,500
|
$19,500
|
$19,000
|
$18,500
|
|
|
|
|
|
|
SIMPLE Plan
|
|
|
|
|
|
Maximum elective deferral
|
$13,500
|
$13,500
|
$13,000
|
$12,500
|
|
|
|
|
|
|
Catch-up Contribution Limit
|
|
|
|
|
|
401(k) and 403(b)
|
$6,500
|
$6,500
|
$6,000
|
$5,500
|
|
SIMPLE
|
$3,000
|
$3,000
|
$3,000
|
$2,500
|
|
|
|
|
|
|
Highly Compensated Definition
|
|
|
|
|
|
Compensation test
|
$130,000
|
$130,000
|
$125,000
|
$120,000
|
|
|
|
|
|
|
Top Heavy Key EE Definition
|
|
|
|
|
|
Officer test
|
$185,000
|
$185,000
|
$180,000
|
$175,000
|
|
|
|
|
|
|
Social Security
|
|
|
|
|
|
Taxable wage base
|
$142,800
|
$137,700
|
$132,900
|
$128,400
|
|
|
|
|
|
|
Defined Contribution
|
|
|
|
|
|
Annual additions limit
|
$58,000
|
$57,000
|
$56,000
|
$55,000
|
|
|
|
|
|
|
Defined Benefit
|
|
|
|
|
|
Annual benefit limit
|
$230,000
|
$230,000
|
$225,000
|
$250,000
|