2021 Annual Retirement Plan Contribution Limits Announced
The IRS has announced the 2021 limitations for retirement plans and related programs.
| Plan Limits | 2021 | 2020 |
| 401(k) Elective Deferral Limit | $19,500 | $19,500 |
| Catch-Up Contribution Limit | $6,500 | $6,500 |
| Annual Defined Contribution Limit | $58,000 | $57,000 |
| Annual Compensation Limit | $290,000 | $285,000 |
| Annual Defined Benefit Limit | $230,000 | $230,000 |
| Highly Compensated Employee Dollar Limit | $130,000 | $130,000 |
| Key Employee Dollar Limit | $185,000 | $185,000 |
| Related Limits | 2021 | 2020 |
| 403(b)/457 Elective Deferral Limit | $19,500 | $19,500 |
| SIMPLE Employee Deferral Limit | $13,500 | $13,500 |
| SIMPLE Catch-Up Deferral Limit | $3,000 | $3,000 |
| SEP Minimum Compensation Limit | $650 | $600 |
| SEP Annual Compensation Limit | $290,000 | $285,000 |
| Social Security Taxable Wage Base | $142,800 | $137,700 |
| Self-only HSA Contribution Limit | $3,600 | $3,550 |
| Family HSA Contribution Limit | $7,200 | $7,100 |
| HSA Catch-Up Contribution Limit | $1,000 | $1,000 |
| IRA Contribution Limit | $6,000 | $6,000 |
| IRA Catch-Up Contribution Limit | $1,000 | $1,000 |