IRS Announces 2019 Retirement Plan Limits

Share this post

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)
457 Plan Limits
(not including catch-ups)
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)
Defined Contribution Plan Limit
(to include SEP-IRA)
Annual Compensation Limit
(maximum considered compensation)
Highly Compensated Employee
(earned in the prior year)
SIMPLE Retirement Accounts
(SIMPLE-IRA and SIMPLE 401(k) Plans)
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


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.

Liquefy Illiquid Assets to Produce More Net Income

Liquefy Illiquid assets (real estate) and produce more net income to you and more inheritance to your heirs There are ways to be able to take advantage of opportunities in the tax code, including but not limited to: income tax law, estate tax law, insurance law, pension law, and lending laws that you need to

Read More »

Pros and Cons of Employer Sponsored Retirement Plans

Establishing a retirement plan for your company is a decision that could make a great difference in the retirement preparedness of your employees, and yourself. The Federal Reserve’s 2015 Report on the Economic Well-Being of U.S. Households in 2014 found that only 31 percent of non-retired survey respondents had no retirement savings whatsoever. Only 46

Read More »