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

© 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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