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. IRC Section 415 requires the limits to be adjusted annually for cost-of-living increases.
- Limits by plan type (IRA, 401(k), SEP, SIMPLE IRA, 403(b), 457(b), defined benefit)
- 2019 cost-of-living adjustments for pension plans and retirement-related items (IR-2018-211)
- COLA Table for prior years' dollar limitations and Internal Revenue Code references.
|IRA Contribution Limit||$6,000||$5,500||$5,500|
|IRA Catch-Up Contributions||1,000||1,000||1,000|
IRA AGI Deduction Phase-out Starting at
|Single or Head of Household||64,000||63,000||62,000|
|SEP Minimum Compensation||600||600||600|
|SEP Maximum Contribution||56,000||55,000||54,000|
|SEP Maximum Compensation||280,000||275,000||270,000|
|SIMPLE Maximum Contributions||13,000||12,500||12,500|
401(k), 403(b), Profit-Sharing Plans, etc.
|Defined Contribution Limits||56,000||55,000||54,000|
|Defined Benefit Limits||225,000||220,000||215,000|
|457 Elective Deferrals||19,000||18,500||18,000|
|Control Employee (board member or officer)||110,000||110,000||105,000|
|Control Employee (compensation-based)||225,000||220,000||215,000|
|Taxable Wage Base||132,900||128,400||127,200|