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2020 Pension Limits

Employee Benefit Limits 2020
Maximum annual earned under a defined benefit plan (IRC Secion 415 limit) $230,000
Maximum Contribution to a participant’s account 1 or more DC Plans $57,000
Maximum Salary Deferral (401K/403b Plans (IRC Sec 402(g) Limit & most 457) Plans $19,500
Maximum Salary Deferral SIMPLE 401K Plans $13,500
Maximum Compensation Amount (SEPS) $600
Maximum Compensation Amount (401(a) Plans and 457B Gov) Plans $285,000
Age 50 Catch-up Contributions $6,500
Catch-up Contributions SIMPLE 401K $3,000
Highly Compensated Employee Salary Definition $130,000
Key Employee in Top-heavy Plan Salary Definition $185,000
Social Security Taxable Wage base $137,700

CONTACT US

Paypro Administrators – Pension

6180 Quail Valley Court
Riverside, CA 92507

1-800-427-4549 ext. 240

HOURS

Monday – Friday

8am – 5pm