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
