Pension Plan Limits

401(k) Plan Limits 2020 2021
401(k) Elective Deferrals $19,500 $19,500
Annual Defined Contribution Limit 57,000 58,000
Annual Compensation Limit 285,000 290,000
Catch-Up Contribution Limit 6,500 6,500
Highly Compensated Employees 130,000 130,000

Non 401(k) Related Limits 2020 2021
403(b)/457 Elective Deferrals $19,500 $19,500
SIMPLE Employee Deferrals 13,500 13,500
SIMPLE Catch-Up Contribution 3,000 3,000
Social Security Wage Base 137,700 142,800
Defined Benefit Annual Benefit 230,000 230,000

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