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ACCESS Benefit Services, Inc.
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Do You Know Your Limitations?
Retirement Plan Dollar Limits
Limitations are based on IRS Cost of Living Adjustments for Qualified Retirement Plans
|
|
2019 |
2018 |
2017 |
|
Defined Contribution |
$56,000 |
$55,000 |
$54,000 |
|
Defined Benefit |
225,000 |
220,000 |
215,000 |
|
Compensation |
280,000 |
275,000 |
270,000 |
|
Social Security Wages |
132,900 |
128,700 |
127,200 |
|
401(k) |
19,000 |
18,500 |
18,000 |
|
Catch-Up |
6,000 |
6,000 |
6,000 |
|
HCE |
125,000 |
120,000 |
120,000 |
Reminders
- 401(k) Safe Harbor Notices - A reminder that safe harbor notices are due to eligible employees at least 30 days and not more than 90 days before the beginning of each Plan year.
- Annual and Quarterly Participant Expense and Investment Disclosure - Department of Labor regulations require expense and investment disclosure on participant directed accounts.
- IRS Form 8955-SSA for missing participants for filers who have to file at least 250 returns with the IRS during the
calendar year must be filed electronically.
This list is far from exhaustive. Call us today to set up a time to discuss your specific situation and needs.
