top of page

2021 Contribution Limits


The IRS has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020. For company retirement plans, the most recognized highlights include:

The following limits are going up for 2021:

  • The annual additions limit for defined contribution plans increases to $58,000

  • The annual compensation limit increases to $290,000

  • The Social Security Wage Base increases to $142,800

The following limits will remain the same for 2021:

  • The salary deferral limit for 401(k), 403(b), and 457 plans remains at $19,500

  • The catch- up contribution limits for 401(k) plans remains at $6,500

  • The annual additions limit for defined benefit plans remains at $230,000

  • The compensation limit for determining who is a highly compensated employee remains at $130,000

Review the full list of contribution limit changes below and share with your plan participants!


留言


Featured Posts
Archive
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
Search By Tags
Follow Us

CONTACT PWMG 401(k) ADVISORS

Success! Message received.

PWMG 401(k) Advisors

WORCESTER

324 Grove Street
Second Floor

Worcester, MA 01605

CHICOPEE

450 Memorial Drive, Suite 407

Chicopee, MA 01020

Phone: (855) 508-401k
Fax: (508) 519-8426

Web: www.pwmg401k.com

Email: info@pwmg401k.com

Check the background of this firm on FINRA’s BrokerCheck.

 

LPL Financial Form CRS


Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: AL, AZ, CA, CO, CT, DC, DE, FL, GA, MA, MD, ME, NC, NH, NJ, NM, NY, OH, PA, RI, SC, TX, VA, VT, WA, 

bottom of page