Annual Limits

Here’s a quick reference to many of the key compensation and contribution limits for qualified retirement plans.

	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	12500
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

401(K) and 403(b) Deferral Limit
2021	19,500
2020	19,500
2019	19,000
2018	18,500

457 Deferral Limit
2021	19,500
2020	19,500
2019	19,000
2018	18,500

401(k), 403(b), 457 Catch-up Contribution Limit
2021	6,500
2020	6,500
2019	6,000
2018	6,000

SIMPLE Deferral Limit
2021	13,500
2020	13,500
2019	13,000
2018	12,500

SIMPLE Catch-up Contribution Limit
2021	3,000
2020	3,000
2019	3,000
2018	3,000

Annual Compensation Limit
2021	290,000
2020	285,000
2019	280,000
2018	275,000

Defined Benefit 415 Limit
2021	230,000
2020	230,000
2019	225,000
2018	220,000

Defined Contribution 415 Limit
2021	58,000
2020	57,000
2019	56,000
2018	55,000

Dollar Limit for HCEs
2021	130,000
2020	130,000
2019	125,000
2018	120,000

Dollar Limit for Key Employee
2021	185,000
2020	185,000
2019	180,000
2018	175,000

Social Security Taxable Wage Base
2021	142,800
2020	137,700
2019	132,900
2018	128,400