Client login

Fiduciary updates

Defined contribution retirement plan maximum contribution limit increases for 2019

11/05/2018

The IRS has announced cost-of-living adjustments to retirement plan and IRA contribution limits, with increases for the second year in a row, though catch-up contributions will not change.

2018 Limits2019 Limits
401(k), 403(b), and 457 plans$18,500$19,000
Age 50+ catch-up contribution (additional to the standard contribution)$6,000$6,000
Traditional and Roth IRAs$5,500$6,000
Age 50+ catch-up contribution (additional to the standard contribution)$1,000$1,000

To view the IRS document with detailed information, visit https://www.irs.gov/pub/irs-drop/n-18-83.pdf