Skip to main content
3-Year Cost of Living Adjustment (COLA) Summary 2020 2019 2018
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