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ARTICLE · 08 NOVEMBER 2018

IRS Announces 2019 Employee Benefit Plan Limits

Recently the Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2019.

United StatesEmployment and HR

Recently the Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2019. The table below compares the applicable dollar limits for certain employee benefit programs and the Social Security wage base for 2018 and 2019.*

RETIREMENT PLAN LIMITS

2018

2019

Annual compensation limit

$275,000

$280,000

401(k), 403(b) & 457(b) before-tax contributions

$18,500

$19,000

Catch-up contributions (if age 50 or older)

$6,000

$6,000

Highly compensated employee threshold

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