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Annual Plan Limits

  2019 2018 2017 2016 2015
Compensation $280,000 $275,000 $270,000 $265,000 $265,000
Limits on benefits and contributions:
  Defined contribution plans $56,000 $55,000 $54,000 $53,000 $53,000
  Defined benefit plans $225,000 $220,000 $215,000 $210,000 $210,000
  401(k), 403(b) and 457 plan elective deferrals $19,000 $18,500 $18,000 $18,000 $18,000
  SIMPLE plan elective deferrals $13,000 $12,500 $12,500 $12,500 $12,500
  IRA $6,000 $5,500 $5,500 $5,500 $5,500
Catch-up contributions:
  401(k), 403(b) and 457 plans $6,000 $6,000 $6,000 $6,000 $6,000
  SIMPLE plans $3,000 $3,000 $3,000 $3,000 $3,000
  IRA $1,000 $1,000 $1,000 $1,000 $1,000
"Highly Compensated" definition $125,000 $120,000 $120,000 $120,000 $120,000
"Key Employee" definition:
  Officer $180,000 $175,000 $175,000 $170,000 $170,000
  1% owner $150,000 $150,000 $150,000 $150,000 $150,000
Social Security:
  Taxable wage base $132,900 $128,700 $127,200 $118,500 $118,500
  Social Security tax rate 6.20% 6.20% 6.20% 6.20% 6.20%
  Medicare tax rate 1.45% 1.45% 1.45% 1.45% 1.45%
  Combined tax rate 7.65% 7.65% 7.65% 7.65% 7.65%

North American Pension Services, LLC
2542 South Rochester Road
Rochester Hills, MI 48307-3817 USA
Phone: (248) 723-4220
Fax: (248) 723-4224



Copyright 1999-2018 North American Pensions Services, LLC
All Rights Reserved.



North American
Pension Services, LLC
2542 South Rochester Road
Rochester Hills, MI
48307-3817 USA
Phone: (248) 723-4220
Fax: (248) 723-4224
[email protected]








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