News
2021 Benefit and Contribution Limit
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401(k) Salary Deferral Limit: $ 19,500 + $ 6,500 Catch Up
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415 Limit Defined Contribution: $ 58,000 (+ catch up if applicable)
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Highly Compensated = $ 130,000
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Maximum Compensation Limit = $290,000
2020 Benefit and Contribution Limits
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401(k) Salary Deferral Limit: $ 19,500 + $ 6,500 Catch Up
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415 Limit Defined Contribution: $ 57,000 (+ catch up if applicable)
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Highly Compensated = $ 130,000
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Maximum Compensation Limit = $285,000
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2021 LIMITS
in a 401(k) Profit Sharing Plan
401(k) Deferrals: $19,500
401(k) Def's if you're over 50: $26,000
Maximum Benefit in DC Plan: $58,000
(+ 401(k) Catchup if over 50 YOA)
Compensation Considered: $290,000
Highly Compensated Employee:
>/= $130,000