May 22, 2023 – Brandon Dingman If you’ve contributed to your company’s retirement plan, you have probably faced the decision of contributing pre-tax dollars or after-tax dollars. Although pre-tax is the traditional option for 401(k) contributions, many plans now offer Roth after-tax contributions as well. When deciding between the two options, it is important to…
April 24, 2023 – Ryan Berning The single biggest risk retirees face is using up all their resources in retirement. The good news is there are options to mitigate that risk. For many, the vision of a successful retirement is having the freedom to pursue hobbies, travel and spend time with friends and family without…
The IRS indexed dollar limits to qualified retirement plans for 2019 are provided in the table below. This update is provided for informational purposes and not intended as legal advice. Return to current year.
| Item | IRC Reference | 2019 Limit | 2018 Limit |
| 401(k) and 403(b) Employee Limit1 | 402(g)(f) | $19,000 | $18,500 |
| 457 Employee Deferral Limit | 57(e)(15) | $19,000 | $18,500 |
| Catch-up Contribution2 | 414(v)(2)(B)(i) | $6,000 | $6,000 |
| Defined Contribution Dollar Limit | 415(c)(f)(A) | $56,000 | $55,000 |
| Defined Benefit Dollar Limit | 415(b)(1)(A) | $225,000 | $220,000 |
| Compensation Limit for calculating contributions3 | 401(a)(17); 404(l) | $280,000 | $275,000 |
| Highly Compensated Employee Income Limit4 | 414(q)(1)(B) | $125,000 | $120,000 |
| Key Employee Officer | 416(i)(1)(A)(i) | $180,000 | $175,000 |
| Social Security Taxable Wage Base | $132,900 | $128,400 |
| Item | IRC Reference | 2019 Limit | 2018 Limit |
| Limit on employee contributions to 401(k) 403(b), or 457 plan | $19,000 | $18,500 | |
| Limit on age 50+ catchup contributions to 401(k) 403(b), or 457 plan | $6,000 | $6,000 | |
| Traditional & Roth IRA contribution limits | $6,000 | $5,500 | |
| Traditional and Roth IRA age 50+ catchup contribution limit | $1,000 | $1,000 |
| Item | IRC Reference | 2019 Limit | 2018 Limit |
| Deductible IRA income limit, active participant in workplace retirement plan, single | $64,000 $74,000 |
$63,000 $73,000 (Phase Out) |
|
| Deductible IRA income limit, active participant in workplace retirement plan, married filing jointly |
$103,000 $123,000 |
$101,000 $121,000 (Phase Out) |
|
| Deductible IRA income limit, spouse is active participant in workplace retirement plan | $193,000 $203,000 |
$189,000 $199,000 (Phase Out) |
|
| Roth IRA income limit, single | 408A(c)(3)(A) | $122,000 $137,000 |
$120,000 $135,000 (Phase Out) |
| Roth IRA income limit, married filing jointly | 408A(c)(3)(A) | $193,000 $203,000 |
$189,000 $199,000 (Phase Out) |
| SIMPLE 401(k) or SIMPLE IRA contributions limit | $13,000 | $12,500 | |
| SIMPLE 401(k) or SIMPLE IRA age 50+ catchup contributions limit | $3,000 | $3,000 |
1 Employee deferrals to all 401(k) and 403(b) plans must be aggregated for purposes of this limit. A lower limit applies to SIMPLE plans.
2 Available to employees age 50 or older during the calendar year. A lower limit applies to SIMPLE plans.
3 All compensation from a single employer must be aggregated for purposes of this limit.
4 For the 2019 plan year, an employee who earns more than $125,000 in 2018 is an HCE
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