Retirement Plan Contribution Limits 2019 401(k) Plans and 403(b) Plans
You will able to put a little more into your workplace retirement account in 2019. The federal government has boosted the annual contribution limit on some of the popular qualified retirement plans.
2019 Retirement Plan Limits
You will able to put a little more into your workplace retirement account in 2019. The federal government has boosted the annual contribution limit on some of the popular qualified retirement plans.| Name of Plan | Basic Contribution Limit | Age 50 and up Catch-Up | Basic + Age Fifty |
|---|---|---|---|
| 401(k) Plan | $19,000 | $6,000 | $25,000 |
| SIMPLE IRA | $13,000 | $3,000 | $16,000 |
| SEP Employer Only | Cannot exceed the lesser of: 25% of compensation, or $56,000 | N/A | N/A |
| 403b Plans | $19,000 | $6,000 | $25,000 |
| 457 Plan | $19,000 | $6,000 | $25,000 |
| Public School Employees Are Eligible for Both a 403b and 457 | $38,000 | $12,000 | $50,000 |
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Tim Hayes AIF®, CRPS®, AWMA®, CFS®, APMA®
Registered with Cambridge Investment Research, Inc., a broker-dealer with over 3,000 Registered Representatives nationwide. Investment Adviser Representative at Cambridge Investment Research Advisors, Inc., a $94B RIA based in Fairfield, IA. I've held an industry securities registration for 26 years and am subject to SEC and FINRA oversight.