| Contribution Limits |
2019 |
2020 |
| 401(k) / 403(b) / 457(b) elective deferrals |
$19,000 |
$19,500 |
| Catch-up contributions |
$6,000 |
$6,500 |
| DC Plan combined annual contribution limit |
$56,000 |
$57,000 |
| Annual compensation limit |
$280,000 |
$285,000 |
| Highly compensated employee threshold |
$125,000 |
$130,000 |
| Top heavy key employee dollar limit |
$180,000 |
$185,000 |
| Social Security taxable wage base |
$132,900 |
$137,700 |
| SIMPLE Plan contribution limit |
$13,000 |
$13,500 |
| SIMPLE Plan catch-up |
$3,000 |
$3,000 |
| IRA contribution limit |
$6,000 |
$6,000 |
| IRA catch-up |
$1,000 |
$1,000 |
