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New IRS 401(k) Limits for 2019*

  • The elective deferral limit for 401(k), 403(b) and 457(b) plans increases to $19,000 in 2019 ($18,500 in 2018). 
  • The limitation on catch up contributions for employees age 50 and over remains at $6,000 in 2019.
  • The maximum “annual addition” limit for a defined contribution plan increases to $56,000 in 2019 ($55,000 in 2018). 
  • The annual dollar limit on compensation that can be taken into account increases to $280,000 in 2019 ($275,000 in 2018).
  • Compensation for determining highly compensated employee (“HCE”) status increases to $125,000

*Source https://www.irs.gov/pub/irs-drop/n-18-83.pdf

For employees wishing to max out their contributions for the year in 2019, below are the necessary contribution amounts:

Pay frequencyWeeklyBi-WeeklySemi-MonthlyMonthly
# of Pay Periods52262412
Under 50 Years Old$ 365.38$ 730.77$ 791.67$ 1,583.33
Over 50 Years Old$ 480.77$ 961.54$ 1,041.67$ 2,083.33

401k

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