Indexed Contribution & Benefit Limits
for Qualified Retirement Plans: 2019

 

Type of Plan

Amount

Individual Retirement Accounts contribution limit - All IRAs* $6,000
Section 401(k) plan or SAR-SEP*
$19,000
Section 403(b) plan $19,000
Section 408(p)(2)(A) SIMPLE contribution* $13,000
Section 457(b)(2) limit $19,000
Section 415 limit for:
Defined contribution plans $56,000
Defined benefit plans $225,000
Highly compensated employees Section 414(q) $125,000
FICA taxable wage base Social security (tax rate 6.20% for employees; 12.40% for self-employed) $132,900
Medicare (tax rate 1.45% for employees; 2.90% for self-employed) No limit

Age 50 additional contributions

Type of Plan Amount
401(k) type plans $6,000
SIMPLE plans $3,000
IRAs $1,000