28 Demond Place • Somerville, NJ 08876

Plan Limits

2019 Retirement Plan Limits

401(k) Elective Deferrals

    $19,000

Annual Defined Contribution

    $56,000

Annual Maximum Compensation Limit

  $280,000

Age 50 Catch-up

      $6,000

Highly Compensated Employee

  $125,000

403(b)/457 Elective Deferrals

    $19,000

Defined Benefit

  $225,000

SIMPLE Elective Deferrals

    $13,000

SIMPLE Age 50 Catch-up

     $3,000

SEP Minimum Compensation

        $600

SEP Annual Maximum Compensation

  $280,000

Social Security Taxable Wage Base

  $132,900

For prior years’ limits and cost-of-living increases please refer to http://www.irs.gov/Retirement-Plans/COLA-Increases-for-Dollar-Limitations-on-Benefits-and-Contributions.