Contribution Limits

2021

Contribution Limits

for Retirement Plans

Compensation Taxable Wage Base Highly Compensated Employee-HCE (in the prior year) Key Employee/Officer Defined Contribution Limit Maximum Contributions (401k/403b/457) Maximum Catch-Up ? Age 50+ (401k/403b/457) Defined Benefit Limit SIMPLE SIMPLE Catch-Up ? Age 50+ IRA Contribution Limit IRA Catch-Up ? Age 50+

2021

$290,000 $142,800 $130,000 $185,000 $58,000 $19,500

$6,500 $230,000 $13,500

$3,000 $6,000 $1,000

2020

$285,000 $137,700 $130,000 $185,000 $57,000 $19,500

$6,500 $230,000 $13,500

$3,000 $6,000 $1,000

This information is provided as a courtesy and is not designed to be all encompassing. It is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance

on your specific situation.

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