IRS Limits for Qualified Retirement Plans

IRS updated cost-of-living adjustments (COLAs) applicable to contribution limitations for qualified retirement plans.

For Plan Years Beginning In 2019 2018 2017 2016 2015
Taxable Wage Base $132,900 $128,400 $127,200 $118,500 $118,500
Medicare Taxable Wage Base No Limit No Limit No Limit No Limit No Limit
Defined Benefit Limit $225,000 $220,000 $215,000 $210,000 $210,000
Compensation Limit $280,000 $275,000 $270,000 $265,000 $265,000
SEP Coverage $600 $600 $600 $600 $600
Key Employee 2019 2018 2017 2016 2015
Officer Compensation Exceeding $180,000 $175,000 $175,000 $170,000 $170,000
A more than 1% Owner Compensation Exceeding $150,000 $150,000 $150,000 $150,000 $150,000
A more than 5% Owner
Highly Compensated Employees 2019 2018 2017 2016 2015
Compensation Exceeding $125,000 $120,000 $120,000 $120,000 $120,000
Top Paid Group and Compensation Exceeding $125,000 $120,000 $120,000 $120,000 $120,000
A more than 5% Owner
For Plan Years Ending In 2019 2018 2017 2016 2015
Defined Contribution Limit $56,000 $55,000 $54,000 $53,000 $53,000
For Calendar Year 2019 2018 2017 2016 2015
401(k) Deferral Limit $19,000 $18,500 $18,000 $18,000 $18,000
401(k) “Catch-Up” Contribution * $6,000 $6,000 $6,000 $6,000 $6,000
Simple Deferral Limit $13,000 $12,500 $12,500 $12,500 $12,500
Simple “Catch-Up” Contribution $3,000 $3,000 $3,000 $3,000 $3,000

* Applies to Participants who have their 50th birthday (or older) during the calendar year. Read more...