Annual Benefit & Limits

Type of Limitation

2019

2018

2017

2016

2015

401(k) Elective Deferrals $19,000 $18,500 $18,000 $18,000 $18,000
Catch up amount $6,000 $6,000 $6,000 $6,000 $6,000
² Defined Benefit Plans $225,000 $220,000 $215,000 $210,000 $210,000
² Defined Contribution Plans $56,000 $55,000 $54,000 $53,000 $53,000
Annual Compensation Limit $280,000 $275,000 $270,000 $265,000 $265,000
457(b)(2) and
457(c )(1) Limits
$19,000 $18,500 $18,000 $18,000 $18,000
Highly Compensated
($80,000 index)
$125,000  $120,000 $120,000 $120,000 $120,000
SIMPLE Plans $13,000 $12,500 $12,500 $12,500 $12,500
SIMPLE Plan
catch up amount
$3,000 $3,000 $3,000 $3,000 $3,000
SEP Coverage $600 $600 $600 $600 $600
SEP Compensation $280,000 $275,000 $270,000 $265,000 $265,000
Key employee officer threshold $180,000 $175,000 $170,000 $170,000 $170,000
Income Subject to
Social Security Tax
$132,900 $128,400 $127,200 $118,500 $118,500
Tax Credit ESOP
Threshold Balance
$1,130,000 $1,105,000 $1,070,000 $1,070,000 $1,070,000
Amount for Lengthening
of 5-Year ESOP Period
$225,000  $220,000 $210,000 $210,000 $210,000


²Effective for limitation years ending in calendar year