Contribution Limits

The following table summarizes contribution limits for individual investors.1 For more information, visit IRS.gov.

CategoryPlan TypeDollar Limit for:20192020
IRA Traditional IRA; Roth IRA Contribution maximum $6,000 $6,000
Traditional IRA; Roth IRA Age 50+ catch-up $1,000 $1,000
Employer-Sponsored IRA SEP IRA Contribution maximum $56,000 $57,000
SAR-SEP Visit IRS.gov for information on these plans
SIMPLE IRA Deferral limit $13,000 $13,500
SIMPLE IRA Age 50+ catch-up $3,000 $3,000
Employer-Sponsored Plan 401(k); 403(b); 457 Deferral limit $19,000 $19,500
401(k); 403(b); 457 Age 50+ catch-up2 $6,000 $6,500
Defined Benefit Defined Benefit $225,000 $230,000
Profit Sharing; Money Purchase; 401(k); 403(b); 457; Defined Benefit Maximum compensation for plan purposes $280,000 $285,000
Profit Sharing; Money Purchase; 401(k); 403(b); 457; Defined Benefit Meeting definition of highly compensated $125,000 $130,000
Profit Sharing; Money Purchase; 401(k); 403(b); 457; Defined Benefit Meeting definition of key employee $180,000 $185,000
Profit Sharing; Money Purchase; 401(k); 403(b); 457; Defined Benefit Taxable wage base (SSI) $132,900 $137,700
Profit Sharing; Money Purchase; 401(k); 403(b); 457 Annual additions limit (415 limit) $56,000 $57,000

Small Business Retirement Plans

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