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2021 Limits Announced

10/27/2020

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Just released – 2021 Retirement Plan Limits.  There were only a few limits that changed, of note:
  • Maximum Compensation Limit increased from $285,000 to $290,000
  • Maximum Dollar limit to Defined Contribution Plans increased from $57,000 to $58,000
 
Note that the following limits remain the same for 2021:
  • 401(k) calendar year limit of $19,500
  • 401(k) calendar year catchup limit of $6,500
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