Government Tables

2019 Retirement Plan Limits

Limit 2018 2019
401(k), 403(b), 457(b) Deferral Limit $18,500 $19,000
401(k), 403(b), 457(b) Catch-up Limit $6,000 $6,000
Highly Compensated Employee $120,000 $125,000
Compensation Limit $275,000 $280,000
Defined Contribtion 415 Limit $55,000 $56,000
Key Employee Officer $175,000 $180,000
Defined Benefit 415 Limit $220,000 $225,000
Governmental Plan Compensation Limit $405,000 $415,000
ESOP 409(o) Limit $1,105,000 $1,300,000
  $220,000 $225.000
Simple Plan Deferral Limit $12,500 $13,000
Simple Plan Catch-up Limit $3,000 $3,000
Traditional IRA, Roth IRA Contribution Limit $5,500 $6,000
Traditional IRA, Roth IRA Catch-up Limit $1,000 $1,000
HSA Contribution Limit - Individual  $3,450 $3,500
HSA Contribution Limit - Family $6,900 $7,000
HSA Catch-up Limit $1,000 $1,000
Taxable Wage Base $128,400 $132,900

Social Security Increases

The Social Security Administration announced an increase in the taxable wage base (TWB) for 2019 from $128,400 to $132,900. Workers pay Social Security tax on wages up to the TWB. Also, some retirement plan formulas are integrated with Social Security. These plans often use the TWB when allocating contributions or calculating benefits.


 

 Individual Income Tax Rates

 

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.