Benefit Limits

Indexed Employee Benefit Limits

1. Maximum deferral to a 401(k) Plan$20,500$19,500
2. Maximum 401(k) Catch Up Contribution - age 50 and over$6,500$6,500
3. Maximum Profit Sharing Plan contribution for a participant$61,000$58,000
4. Maximum 401(k) and Profit Sharing Plan contribution for a participant age 50 or older$67,500$64,500
5.Maximum Defined Benefit Pension Plan Benefit (Dollar Limit payable at ages 62 to 65)$245,000$230,000
6. Maximum compensation that can be used for Plan purposes$305,000$290,000
7. Highly Compensated Employee Compensation Threshold$135,000$130,000
8. Social Security Taxable Wage Base$147,000$142,800
9. Medicare Wage BaseUnlimitedUnlimited