2019 IRS CONTRIBUTION LIMITS

2019 IRS CONTRIBUTION LIMITS

The IRS places limits on how much you can contribute to various retirement and pension accounts. These limits are reviewed annually and updated to reflect any cost-of-living increases. Visit for more information.

Plan Types

401(k)

SIMPLE (Savings Incentive

Match Plan for Employees)

SEP (Simplified Employee

Pension Plan)

IRA & Roth IRA

Other

Taxable Wage Base Defined Benefit Limits

Description

Elective Deferral Limit Catch-Up Contribution Limit* Annual Contribution Limit Annual Compensation Limit HCE Threshold** Key Employee Limit Contribution Limit Catch-Up Contribution Limit*

Contribution Limit

Compensation Limit Contribution Limit Catch-Up Contribution Limit*

Description

Income subject to Social Security taxes Annual Contribution Limit

2019

$19,000 $6,000 $56,000 $280,000 $125,000 $180,000 $13,000 $3,000 $56,000 or 25% of comp. $280,000 $6,000 $1,000

2019

$132,900 $225,000

2018 $18,500 $6,000 $55,000 $275,000 $120,000 $175,000 $12,500 $3,000 $55,000 or 25% of comp. $275,000 $5,500 $1,000 2018 $128,400 $220,000

*Available to all employees age 50 and older during the calendar year. **A highly compensated employee (HCE) is an employee who earned more than $120,000 in the preceding year, as well as any 5% owner.

This document is for educational purposes only and should not be regarded as personalized investment or tax advice. Consult a professional tax adviser or visit for more information. ? 2018 Fisher Investments. Investing in securities involves the risk of loss. Intended for use by employers considering or sponsoring retirement plans; not for personal use by plan participants.

K03174V December 2018

Traditional IRA Filing Status

Covered by a Retirement Plan at Work? No

2019 MAGI* Any amount

Single or

Head of Household

Yes

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