Qualified Retirement Plan Contribution Limits
Limit
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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2021
$19,500
$6,500
$58,000
$230,000
$290,000
$130,000
$185,000
$150,000
$142,800
No Limit
2020
$19,500
$6,500
$57,000
$230,000
$285,000
$130,000
$185,000
$150,000
$137,700
No Limit
2019
$19,000
$6,000
$56,000
$225,000
$280,000
$125,000
$180,000
$150,000
$132,900
No Limit
Source: Internal Revenue Service – IR 2020-79 dated October 26, 2020