Contribution Limits 2019-2020

Calendar Year

2019

2020

Employee Salary Deferral Limit to 401(k) Plans
Employee Catch-up Elective Contributions

$19,000
$6,000

$19,500
$6,500

Employee Salary Deferral Limit to 403(b) Plans
Employee Catch-up Elective Contributions

$19,000
$6,000

$19,500
$6,500

Employee Salary Deferral Limit to SIMPLE 401(k) Plans
Employee Catch-up Elective Contributions

$13,000
$3,000

$13,500
$3,000

Defined Contribution Maximum Annual Addition (IRC § 415 (c))

$56,000

$57,000

Definition of Highly Compensated Employees:
Employee Compensation Exceeding (Prior Year) An employee owning more than (current and prior year)	$125,000 5%	$130,000 5%

Definition of Key Employees:
Officers Earning in Excess of A more than 1% Owner Earning in Excess of An employee owning more than	$180,000 $150,000 5%	$185,000 $150,000 5%

FICA Taxable Wage Base

$132,900

$137,700

Maximum Compensation Limit

$280,000

$285,000

Employer’s Deductible Contributions

25%