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IRS ANNOUNCES RETIREMENT PLAN LIMITS FOR 2021


                                                   2020                2021 

​Taxable Wage Base                     137,700             142,800
Includable Compensation Limit      285,000            290,000
401(k)/403(b) Deferral
Limit (Under Age 50)                    19,500                19,500
401(k)/403(b)
Catch-Up Limit (Age 50+)               6,500                 6,500
Defined Contribution 415 Limit       57,000*              58,000**
Defined Benefit 415 Limit             230,000              230,000
SIMPLE Deferral Limit                    13,500               13,500
SIMPLE 401(k) Catch-Up Limit          3,000                 3,000
IRA Contribution Limit                      6,000                6,000
IRA Catch-Up Limit                         1,000                 1,000
Highly Compensated Employee      130,000              130,000
SEP Compensation Floor                     600                   650

*  $63,500 with 401(k) if age 50+
** $64,500 with 401(k) if age 50+