2021 IRS Retirement Plan Contribution Limits

October 26, 2020
The IRS has released the Annual Plan Limitations for 2021 for defined contribution and defined benefit plans. 403(b), 457(b), & 401(k) elective deferral, catch-up and other key limits are listed below.
 2020 Limits2021 Limits
Employee Elective Deferrals to the 403(b), 457(b) and 401(k) Plans $19,500 $19,500
Catch-Up Contributions (Age 50 or older) to the 403(b), 457(b) and 401(k) Plans$6,500 $6,500
Annual Addition Dollar Maximum (applies to Employer-paid 401(a), 403(b) and 401(k) Plans)$57,000 $58,000
Defined Benefit Dollar Maximum $230,000 $230,000
Highly Compensated Employee Threshold (applies mainly to 401(k) Plans)$130,000 $130,000
Key Employee Threshold (applies mainly to 401(k) Plans)$185,000 $185,000
Annual Compensation (applies to almost all retirement plans)$285,000 $290,000
Annual IRA contribution (unchanged)$6,000 $6,000
IRA catch-up contributions (age 50 and older; unchanged)$1,000 $1,000
Click here to download a PDF version of this information.

Click here to view a complete list of 2021 IRS limits.

If you have any questions or would like clarification on any of these contribution limits, please submit a message below:

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