Qualified Plan Limits |
Salary Deferrals (including Roth) 401(k), 403(b), 457 and SARSEP |
$19,500 |
$19,000 |
$18,500 |
SIMPLE Election |
$13,500 |
$13,000 |
$12,500 |
Catch-up Contributions (including Roth) 401(k), 403(b), 457 and SARSEP |
$6,500 |
$6,000 |
$6,000 |
Catch-up Contributions SIMPLE |
$3,000 |
$3,000 |
$3,000 |
Defined Contribution Limits |
$57,000 |
$56,000 |
$55,000 |
Defined Benefit Limits |
$230,000 |
$225,000 |
$220,000 |
IRAs |
IRA Contribution Limit |
$6,000 |
$6,000 |
$5,500 |
IRA Catch-Up Contributions |
$1,000 |
$1,000 |
$1,000 |
Welfare Plans |
Health FSA Contribution Limit |
up to $2,750 |
up to $2,700 |
up to $2,650 |
Dependent Care Contribution Limit |
$5,000 |
$5,000 |
$5,000 |
Transit Monthly Limitation |
$270 |
$265 |
$260 |
Parking Monthly Limitation |
$270 |
$265 |
$260 |
Adoption Assistance Program |
$14,300 |
$14,080 |
$13,840 |
Compensation Limits |
Maximum Compensation Limit |
$285,000 |
$280,000 |
$275,000 |
SEP Coverage |
$600 |
$600 |
$600 |
Highly Compensated Employees |
Employee Compensation |
$130,000 |
$125,000 |
$120,000 |
Key Employees |
Officer Compensation |
$185,000 |
$180,000 |
$175,000 |
1% Owner |
$150,000 |
$150,000 |
$150,000 |
Social Security |
Taxable Wage Base (Covered Compensation Limit) |
$137,700 |
$132,900 |
$128,400 |
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