Annual Plan Contribution Limits

For Employer-Sponsored Plans

Annual retirement contribution limits

Contribution Limits 2020 2021
401(k) / 403(b) / 457(b) elective deferrals $19,500 $19,500
Catch-up contributions $6,500 $6,500
DC Plan combined annual contribution limit $57,000 $58,000
Annual compensation limit $285,000 $290,000
Highly compensated employee threshold $130,000 $130,000
Top heavy key employee dollar limit $185,000 $185,000
Social Security taxable wage base $137,700 $142,800

SIMPLE Plan contribution limit

$13,500 $13,500
SIMPLE Plan catch-up $3,000 $3,000
Defined Benefit Annual Benefit Limit $230,000 $230,000
ESOP Maximum Balance Subject to Five-Year Distribution Rule $1,150,000 $1,165,000
ESOP Amount to Determine Lengthening Five-Year Distribution Period  $230,000 $230,000
IRA contribution limit $6,000 $6,000
IRA catch-up $1,000 $1,000
Contribution Limits

Investment products: Not FDIC Insured — No Bank Guarantee — May Lose Value.