IRS Announces 2019 Retirement Plan Limits

By Alton D. Fryer IV, AIF November 7th, 2018

The Internal Revenue Service (IRS) has announced cost-of-living adjustments for 2019, which affect dollar limitations for retirement plans and other retirement-related items.

The 2019 limits are highlighted below:

  • 401(k), 403(b) and most 457 Plans Deferral Limit – Increase from $18,500 to $19,000
  • Catch-up Deferral Limit – Remains the same at $6,000
  • Defined Contribution Plan Maximum Annual Additions – Increase from $55,000 to $56,000 (or $62,000 with catch-up)
  • Defined Benefit Plan Maximum Annual Benefit – Increase from $220,000 to $225,000
  • Annual Compensation Limit – Increase from $275,000 to $280,000 HCE Compensation Limit – Increase from $120,000 to $125,000
  • Key Employee Limit – Increase from $175,000 to $180,000
  • Social Security Wage Base – Increase from $128,400 to $132,900
  • Income limit for the Saver’s Credit (also known as the Retirement Savings Contributions Credit) for low- and moderate-income workers - Increase from $63,000 to $64,000 for married couples filing jointly; increase from $47,250 to $48,000 for heads of household; and increases in $31,500 to $32,000 for singles and married individuals filing separately

For additional details please click here to view the IRS announcement

Alton Fryer, AIF, is a Senior Consultant and Director of Client Services at Bolton Investment.  He can be reached at