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2020 Plan Limitations!

401(k)/403(b)/457 Salary Deferrals:

For participants under age 50 by 12/31/2020 – $19,500

For participants over age 50 by 12/31/2020 – $26,000

Maximum Annual Defined Contribution Plan Limit:

For participants under age 50 by 12/31/2020 – $57,000

For participants over age 50 by 12/31/2020 – $63,500

  • Maximum Annual Defined Benefit Plan Limit: $230,000
  • Compensation Limit: $285,000
  • Highly Compensated Employee Threshold: $130,000
  • Key Employee Officer Compensation: $185,000
  • Social Security Wage Base: $137,700
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