Changes in 2019 Annual Retirement and Related Benefit Limits
November 2, 2018
The IRS recently announced the annual qualified retirement and related benefit limits for 2019. The following is a Desk Reference Summary of the most common limits and how they compare with the limits for 2017 and 2018.
|
2017 |
2018 |
2019 |
|
|
Dollar Limit for Defined Benefit Plans |
$215,000 |
$220,000 |
$225,000 |
|
Dollar Limit for Defined Contribution Plans |
54,000 |
55,000 |
56,000 |
|
401(k) and 403(b) Maximum Deferral |
18,000 |
18,500 |
19,000 |
|
Catch-up Contribution for Participants Aged 50 or over (401(k) and 403(b)) |
6,000 |
6,000 |
6,000 |
|
Social Security Taxable Wage Base |
127,200 |
128,400 |
132,900 |
|
Maximum Compensation Allowable for Benefit Purposes |
270,000 |
275,000 |
280,000 |
|
Maximum Compensation to Determine Highly Compensated Status |
120,000 |
120,000 |
120,000 |
|
SIMPLE Maximum Deferral |
12,500 |
12,500 |
13,000 |
|
SIMPLE Catch-up Contribution for Participants Aged 50 or over |
3,000 |
3,000 |
3,000 |
|
457 Maximum Deferral |
18,000 |
18,500 |
19,000 |
|
HSA Contribution Limit – Self Only |
3,400 |
3,450 |
3,500 |
|
HSA Contribution Limit – Family |
6,750 |
6,900 |
7,000 |
|
HDHP Minimum Deductibles – Self Only |
1,300 |
1,350 |
1,350 |
|
HDHP Minimum Deductibles – Family |
2,600 |
2,700 |
2,700 |
|
HDHP Out-of-Pocket Maximum – Self Only |
6,550 |
6,650 |
6,750 |
|
HDHP Out-of-Pocket Maximum – Family |
13,100 |
13,300 |
13,500 |
The Employee Benefits Alert is intended to keep readers current on matters affecting employee benefits, and is not intended to be legal advice. If you have any questions, please call William S. Carter at 412.566.6016, Kathryn A. English at 412.566.1226, Heather Stone Fletcher at 412.566.6112, Sandra R. Mihok at 412.566.1903, Paul M. Yenerall at 412.566.1944, or any other attorney with whom you have been working.
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