IRS Announces 2021 Retirement Plan Limits
The IRS recently announced the indexed dollar limits to qualified retirement plans for 2021. The updated retirement plan limits are provided in the table below. This update is for informational purposes only and is not intended to be used as legal advice.
IRS Retirement Plan Limits |
IRC Reference |
2020 Limit |
2021 Limit |
| 401(k) & 403(b) Employee Deferral Limit | 402(g)(1) | $19,500 | $19,500 |
| 457 Employee Deferral Limit | 457(e)(15) | $19,500 | $19,500 |
| Catch-up Contribution | 414(v)(2)(B)(i) | $6,500 | $6,500 |
| Defined Contribution Dollar Limit | 415(c)(1)A) | $57,000 | $58,000 |
| Defined Benefit Dollar Limit | 415(b)(1)(A) | $230,000 | $230,000 |
| Compensation Limit | 401(a)(17); 404(l) | $285,000 | $290,000 |
| Highly Compensated Employee Income Limit | 414(q)(1)(B) | $130,000 | $130,000 |
| Key Employee/Officer | 416(i)(1)(A)(i) | $185,000 | $185,000 |
| Social Security Taxable Wage Base | $137,700 | $142,800 |
View the 2019-2020 comparison.
