Qualified Retirement Plan Contribution Limits 

Limit

2020

2019

2018

$19,000

$6,000

$56,000

$225,000

$280,000

$125,000

$180,000

$150,000

$132,900

No Limit

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$18,500

$6,000

$55,000

$220,000

$275,000

$120,000

$175,000

$150,000

$128,400

No Limit

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$19,500

$6,500

$57,000

$230,000

$285,000

$130,000

$185,000

$150,000

$137,700

No Limit

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Elective Deferrals

IRC §§401(a)(30) and 402(g)

Catch-Up Contributions [Age 50+]

IRC §414(v)

Annual Additions

IRC §415(c)(1)(A)

Defined Benefit – Annual Benefit Limit

IRC §415(b)(1)(A)

Maximum Compensation

IRC §401(a)(17)

Highly Compensated Employee

IRC §414(q)(1)(B)

Key Employee - Officer

IRC §416(i)(1)(A)(i)

Key Employee - >1% Owner

IRC §416(i)(1)

Social Security Wage Base

Medicare Wage Base

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Source: Internal Revenue Service – IR 2019-179 dated November 6, 2019

© 2020 Mark Schwab

3882 SW Coquina Cove Way, Suite 102 
Palm City, Florida 34990
Phone: (772) 286-3910 

mark@markschwab.com

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