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IRS Retirement Plan Contribution Limits for 2021

2021 IRS Retirement Plan Contribution Limits
2021 IRS Contribution Limits

The IRS recently announced the contributions limits to retirement plans for 2021. They kept the maximum contribution limits and catch-up contributions the same as 2020 for 401(k), 403(b), and 457(b), plans. Participants can contribute up to $19,500 in 2021, plus an additional $6,500 if they are over age 50.

401(k), 403(b), 457(b), PSP202120202019
Annual Compensation$290,000$285,000$280,000
Elective Deferrals$19,500$19,500$19,000
Catch-up Contributions$6,500$6,500$6,000
Defined Contribution Limits$58,000$57,000$56,000
Esop Limits$1,165,000

Other retirement plan related limitations also remain consistent with 2020 with exceptions for a $5,000 increase for Control Employees and $5,100 for Taxable Wage Base.

HCE Threshold$130,000$130,000$125,000
Defined Benefit Limits$230,000$230,000$225,000
Key Employee$185,000$185,000$180,000
457 Elective Deferrals$19,500$19,500$19,000
Control Employee (board member or officer)$115,000$115,000$110,000
Control Employee (compensation-based)$235,000$230,000$225,000
Taxable Wage Base$142,800$137,700$132,900