Retirement Plan Design & Administration Services

ANNUAL PLAN LIMITS
  2019 2018 2017
  COMPENSATION 280,000 275,000 270,000
LIMITS ON BENEFITS & CONTRIBUTIONS      
     DEFINED CONTRIBUTION PLANS 56,000 55,000 54,000
     DEFINED BENEFIT PLANS 225,000 220,000 215,000
     401(K) - 403(b) - & 457 PLAN ELECTIVE DEFERRALS 19,000 18,500 18,000
     SIMPLE PLAN ELECTIVE DEFERRALS 13,000 12,500 12,500
     IRA 6,000 5,500 5,500
CATCH UP CONTRIBUTIONS      
     401(K) - 403(b) - & 457 PLANS  6,000 6,000 6,000
     SIMPLE PLANS 3,000 3,000 3,000
     IRA 1,000 1,000 1,000
"HIGHLY COMPENSATED" DEFINITION 125,000 120,000 120,000
"KEY EMPLOYEE" DEFINITION      
     OFFICER 180,000 175,000 175,000
SOCIAL SECURITY TAXABLE WAGE BASE  132,900 128,400 127,200