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Annual Contribution Limits

Category

2020

2019

2018

2017

401(k) Contributions

$19,500

$19,000

$18,500

$18,000

“Catch-Up” Contributions

$6,500

$6,000

$6,000

$6,000

Highly Compensated Employees

+

Top 20%

Optional

Optional

Optional

Optional

All Others

$130,000

$125,000

$120,000

$120,000

Compensation Limits

$285,000

$280,000

$275,000

$270,000

Defined Contribution Limit

$57,000

$56,000

$55,000

$54,000

Defined Benefit Limit

$230,000

$225,00

$220,000

$215,000

Social Security

+

OASDI Wage

$137,700

$132,900

$128,400

$127,200

OASDI Tax – Employer

6.20%

6.20%

6.20%

6.20%

OASDI Tax – Employee

6.20%

6.20%

6.20%

6.20%

HI Wage

No Limit

No Limit

No Limit

No Limit

HI Tax

1.45%

1.45%

1.45%

1.45%