Statutory Contribution Limits

The Internal Revenue Service recently announced the 2019 cost-of-living and required statutory limit adjustments applicable to retirement plans. The following limits become effective on January 1, 2019.

 

Annual Limit per Individual

2018 2019

Elective deferral limit under Code § 402(g)

$18,500

$19,000

Age 50 catch-up contribution limit under Code § 414(v)

$6,000

$6,000

Contributions to a defined contribution plan
the lesser of 100% of compensation or:

$55,000

$56,000