Annual Limits

Annual Compensation and Contribution Limits for Qualified Retirement Plans

The tax law places limits on the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. The Internal Revenue Code (IRC) requires the limits to be adjusted annually for cost-of-living increases. BCG is pleased to present this table for your convenience.

2021
2020
2019
2018
401(k) and 403(b) Deferral Limit
19,500
19,500
19,000
18,500
457 Deferral Limit
19,500
19,500
19,000
18,500
401(k), 403(b), 457 Catch-up Contribution Limit
6,500
6,500
6,000
6,000
SIMPLE Deferral Limit
13,500
13,500
13,000
12,500
SIMPLE Catch-up Contribution Limit
3,000
3,000
3,000
3,000
Annual Compensation Limit
290,000
285,000
280,000
275,000
Defined Benefit 415 Limit
230,000
230,000
225,000
220,000
Defined Contribution 415 Limit
58,000
57,000
56,000
55,000
Dollar Limit for HCEs
130,000
130,000
125,000
120,000
Dollar Limit for Key Employee
185,000
185,000
180,000
175,000
Social Security Taxable Wage Base
142,800
137,700
132,900
128,400

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