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IRS Limits
On Nov. 1, 2018, the IRS released the cost-of-living adjustments for various retirement plan limitations that will take effect on Jan. 1, 2019. Selected 2018 and 2019 annual limits are provided below.
| Provision | 2018 | 2019 |
|---|---|---|
| DC Plan 415(c)(1)(A) Additions | $55,000 | $56,000 |
| 401(k)/403(b) SARSEP Elective Deferrals | $18,500 | $19,000 |
| 457 Deferrals | $18,500 | $19,000 |
| Age 50 Catch-Ups for 401(k), 403(b) and 457 Plans | $6,000 | $6,000 |
| Key Employee Income Definition | $175,000 | $180,000 |
| Highly-Compensated Employee Income Definition | $120,000 | $125,000 |
| Compensation Limit for Contribution Purposes in accordance with IRC Section 401(a)(17) for Non-Gov. Plan Sponsors | $275,000 | $280,000 |
| Compensation Limit for Contribution Purposes in accordance with IRC Section 401(a)(17) for Governmental Plan Sponsors | $405,000 | $415,000 |
| Maximum Adjusted Gross Income for Saver’s Credit | $63,000 (joint) $31,500 (single) $47,250 (HoH) |
$64,000 (joint) $32,000 (single) $48,000 (HoH) |
| SIMPLE Retirement Accounts | $12,500 | $13,000 |
| Compensation for SEPs | $600 | $600 |
| Earning Subject to OASDI Tax | $128,400 | $132,900 |
Source: IRS Notice 2017-84 and Notice 2018-83.
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