Retirement Plan Limits

Limit Pro-Rate for Short Year* 2021 2020 2019 2018 2017
Annual Compensation Yes $290,000 $285,000 $280,000 $275,000 $270,000
Minimum Compensation: SEP No $650 $600 $600 $600 $600
Elective Deferrals: 401(k) No $19,500 $19,500 $19,000 $18,500 $18,000
Elective Deferrals: SIMPLE No $13,500 $13,500 $13,000 $12,500 $12,500
Elective Deferrals: 457 No $19,500 $19,500 $19,000 $18,500 $18,000
Catch-Up Contributions: 401(k) No $6,500 $6,500 $6,000 $6,000 $6,000
Catch-Up Contributions: SIMPLE No $3,000 $3,000 $3,000 $3,000 $3,000
415 Limit: Defined Benefit Plans Yes $230,000 $230,000 $225,000 $220,000 $215,000
415 Limit: Defined Contribution Plans Yes $58,000 $57,000 $56,000 $55,000 $54,000
Social Security Wage Base Yes $142,800 $137,700 $132,900 $128,400 $127,200

Testing Limits

Limit Pro-Rate for Short Year* 2021 2020 2019 2018 2017
HCE Determination: Compensation No $130,000 $130,000 $125,000 $120,000 $120,000
Key Employee: Officer Compensation No $185,000 $185,000 $180,000 $175,000 $170,000
Key Employee: 1% Owner Compensation No $150,000 $150,000 $150,000 $150,000 $150,000

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