2021 Retirement Plan Contribution Limits
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| 2021 | 2020 | 2019 | |
| IRA Contribution Limit – 219(b)(5)(A) – Under Age 50 | 6,000 | 6,000 | 6,000 |
| IRA Catch-Up Contribution Limit – 219(b)(5)(B) – Age 50 or Over | 7,000 | 7,000 | 7,000 |
| SIMPLE IRA Maximum Contributions – 408(p)(2)(E) – Under Age 50 | 13,500 | 13,500 | 13,000 |
| SIMPLE IRA Maximum Catch-Up Contribution – 414(v)(2)(B)(ii) Age 50 or Over |
16,500 | 16,500 | 16,000 |
| Coverdell ESA Contribution Limit * | 2,000 | 2,000 | 2,000 |
| Employer Defined Contribution Limit – 415(c)(1)(A) | 58,000 | 57,000 | 56,000 |
| Elective Deferral Limit – 402(g)(1) | 19,500 | 19,500 | 19,000 |
| Elective Deferral Catch-Up Limit – 414(v)(2)(B)(i) | 26,000 | 26,000 | 25,000 |
| Annual Compensation Cap – 401(a)(17)/404(I) | 290,000 | 285,000 | 280,000 |
| SEP Minimum Compensation – 408(k)(2)(C) | 650 | 600 | 600 |
| SEP Maximum Compensation – 408(k)(3)(C | 290,000 | 285,000 | 280,000 |
| 457 Elective Deferrals – 457(e)(15) | 19,500 | 19,500 | 19,000 |
| Defined Benefit Limit – 415(b)(1)(A) | 230,000 | 230,000 | 225,000 |
| Highly Compensated Employee (HCE) – 414(q)(1)(B) | 130,000 | 130,000 | 125,000 |
| Key Employee – 416(i)(1)(A)(i) | 185,000 | 185,000 | 180,000 |
| Taxable Wage Base | 142,800 | 137,700 | 132,900 |
To download a comprehensive PDF on the 2020 Retirement Plans, click here.
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