IRS Announces 2019 Retirement Plan Limits

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In Notice 2018-83 (November 1, 2018), the IRS released the new limits on benefits and contributions for retirement plans. Current limits and historical context are provided below.

Type of Limitation201920182017201620152014
401(k)and 403(b) Elective Deferrals
(not including adjustment and catch-ups)
$19,000$18,500$18,000$18,000$18,000$17,500
457 Plan Limits
(not including catch-ups)
$19,000$18,500$18,000$18,000$18,000$17,500
Catch-Up Deferrals to 401(k), 403(b), 457(b), or SARSEP Plans$6,000$6,000$6,000$6,000$6,500$5,500
Annual Defined Benefit Plan Limit
(age 62 with 10+ yrs.of plan participation)
$225,000$220,000$215,000$210,000$210,000$210,000
Defined Contribution Plan Limit
(to include SEP-IRA)
$56,000$55,000$54,000$53,000$53,000$52,000
Annual Compensation Limit
(maximum considered compensation)
$280,000$275,000$270,000$265,000$265,000$260,000
Highly Compensated Employee
(earned in the prior year)
$125,000$120,000$120,000$120,000$120,000$115,000
SIMPLE Retirement Accounts
(SIMPLE-IRA and SIMPLE 401(k) Plans)
$13,000$12,500$12,500$12,500$12,500$12,000
Catch-Up Deferrals to Simple IRA Plan$3,000$3,000$3,000$3,000$3,000$2,500
Social Security Wage Base$132,900$128,700$127,200$118,500$118,500$117,000

DISCLOSURE

Securities and administrative services provided by LWI Financial (“Loring Ward”). LWI Financial Inc. is an investment advisor registered with the Securities and Exchange Commission. Securities transactions are offered through its affiliate, Loring Ward Securities Inc., member FINRA/SIPC. Loring Ward is considered to be an investment manager under §3(38) of the Employee Retire Retirement Income Security Act of 1974 (ERISA) only for those portfolios administered by Loring Ward. Investment Advisory offered by Kaspian Wealth Management LLC. Kaspian Wealth Management LLC is a Registered Investment Advisor in New York and New Jersey. Kaspian Wealth Management LLC is an affiliate of Kaspian Group Inc. Neither Kaspian Group Inc. or Kaspian Wealth Management LLC are affiliates of LWI Financial Inc.

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