Creative Pension Consultants, Inc. - Retirement Plan Design and Admiistration Services
HOME ABOUT US OUR SERVICES TYPES OF PLANS PLAN LIMITS CLIENT RESOURCES NEWSLETTERS LINKS  CONTACT US


Annual Plan Limits

Each year the U.S. government adjusts the limits for qualified plans and Social Security to reflect cost-of-living adjustments and changes in the law. Many of these limits are based on the "plan year" as defined in the plan document. The elective deferral and catch-up limits are always based on the calendar year.

Type 2021 2020 2019
Contribution and Benefit Limits
Elective Deferral Limit $19,500 $19,500 $19,000
Catch-Up Contributions $6,500 $6,500 $6,000
Annual Contribution Limit $58,000 $57,000 $56,000
Annual Contribution Limit including Catch-Up Contributions $64,500 $63,500 $62,000
Annual Benefit Limit $230,000 $230,000 $225,000
Compensation Limits
Maximum Plan Compensation $290,000 $285,000 $280,000
Income Subject to Social Security $142,800 $137,700 $132,900
Key EE Compensation Threshold $185,000 $185,000 $180,000
Highly Compensated EE Threshold $130,000 $130,000 $125,000
IRA Limits
SIMPLE Plan Elective Deferrals $13,500 $13,500 $13,000
SIMPLE Catch-Up Contributions $3,000 $3,000 $3,000
Individual Retirement Account (IRA) $6,000 $6,000 $6,000
IRA Catch-Up Contribution $1,000 $1,000 $1,000
 
Plan Sponsor Link
Follow Us
  LinkedIn  
Contact Us

435 New Karner Road
Concord Street
Albany, NY 12205

phone: (518) 452-8139
fax: (518) 452-8141

info@creativepensionconsultants.com
 
Our Affiliations

ASPPA Member

NIPA - National Institute of Pension Administrators

 

You Run Your Business; Let Us Run Your Retirement Plan
Creative Pension Consultants ©
Website by Benefit Insights