The Internal Revenue Code imposes dollar limitations on various compensation, benefit and contribution levels under qualified retirement plans. Today, the Internal Revenue Service announced the 2019 cost-of-living adjustments affecting dollar limitations for qualified retirement plans. The Catch-Up Contributions limit remains unchanged, but others have been increased as shown below.
|401(k), 403(b), Profit-Sharing Plans, etc.|
|Defined Contribution Limit||56,000||55,000||54,000|
|ESOP Distribution Limits||1,130,000 225,000||1,105,000 220,000||1,080,000 215,000|
|Defined Benefit Limit||225,000||220,000||215,000|
|457 Elective Deferrals||19,000||18,500||18,000|
|Taxable Wage Base||132,900||128,400||127,200|
For a historical chart of the applicable dollar limitations since 1986, click here.