By: Financial Advisor Tim Hayes - posted in: Planning - Last updated Oct 3, 2019

Retirement Plan Contribution Limits 2019 401(k) Plans and 403(b) Plans

by | Last updated Oct 3, 2019 | Planning

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 PlanBasic Contribution LimitAge 50 and up Catch-UpBasic + Age Fifty
401(k) Plan$19,000$6,000$25,000
SIMPLE IRA$13,000$3,000$16,000
SEP Employer OnlyCannot exceed the lesser of: 25% of compensation, or
$56,000

N/AN/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

More About Tim

Expert and highly personalized financial planning, retirement planning, and independent investment solutions for individuals, couples, and businesses in Eastern Massachusetts, including Boston and surrounding cities. So when you need an independent financial advisor in Massachusetts - Salem or the North Shore, Hingham, or another town on the South Shore, Andover and the Merrimack Valley, MetroWest including Foxboro, or the Southcoast, Martha's Vineyard, Nantucket, and Newport, Rhode Island in my Dartmouth office.

There is no charge for the initial consultation, and it can be at your home, office, or favorite coffee shop.

About Financial Advisor Tim Hayes

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.

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