IRS Announces Contribution and Benefit Limits for 2021
The limit on contributions by employees who participate in 401(k)s, 403(b)s and most 457 plans remains unchanged at $19,500.
The limit on contributions by employees who participate in 401(k)s, 403(b)s and most 457 plans remains unchanged at $19,500.
The limit on deferrals to 401(k), 403(b) and most 457 plans has been increased by $500.
Maximum Benefit/Contribution Limit for 2009 through 2019.
The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,500 to $19,000.
Different limits and rules for retirement plans qualified in Puerto Rico may cause some operational issues for plan sponsors.