Wednesday, May 15, 2019

Cost-of-Living Adjustments for 2019


Cost-of-Living Adjustments for 2019

Pension Plan and Related Limits
2018
2019
Pre-tax elective deferral maximum under Code § 401(k), 403(b), and 457(b) plans (Code §§ 402(g)(3) & 457 (e)(15))
$18,500
$19,000
Age 50 and older “catch-up” adjustment for 401(k), 403(b), and governmental 457(b) plans and SEPs (Code § 414(v)(2)(B)(i))
$6,000
$6,000
Annual compensation limit under Code §§ 401(a)(17), 404(l) and 408(k)
$275,000
$280,000
Annual benefit limit for defined benefit plans under Code § 415(b)
$220,000
$225,000
Annual contribution limit for defined contribution plans under Code § 415(c)
$55,000
$56,000
Highly compensated employee threshold for purposes of nondiscrimination testing in the following year under Code § 414(q)(1)(B)
$120,000
$125,000
Key employee threshold for officers for top heavy plan under Code § 416(i)(1)(A)(i)
$175,000
$180,000
ESOP account balance for 5 and 1 year distributions under Code § 409(o)(1)(C)(ii)
$1,105,000 &
$220,000
 $1,130,000 & $225,000
Limit on premiums paid for qualified longevity annuity contracts (QLACs) under Treas. Reg. § 1.401(a)(9)-6 (adopted 2014)
$130,000
$130,0000
SIMPLE plan elective deferral limit under Code § 408(p)(2)(E)
$12,500
$13,000
SIMPLE 401(k) or IRA age 50 catch-up (Code § 414(v)(2)(B)(ii))
$3,000
$3,000
Basic/Roth IRA contribution limit under Code §§ 219(b)(5)(A) & 408A.  
$5,500
$6,000
Adjusted gross income (AGI) phase-out of deduction for IRA where the participant or spouse contributing to the IRA also participates in an employer-sponsored retirement plan (Code § 219(g)(1) & (3)) for married joint filers –
$101,000 to $121,000

$103,000 to $123,000
Health Savings Account contribution limits (single and family)
$3,450 and $6,900
$3,500 and $7,000
PBGC guaranteed benefit (annual single life annuity beginning at age 65)
$65,045
$67,295
PBGC flat-rate premiums per participant for a single-employer plans
$74
$80
PBGC variable-rate premium for single-employer plans per $1,000 of Unfunded Vested Benefits
$38
$43
PBGC (flat-rate) premiums for multiemployer plans per participant
$28
$29
Taxable wage base subject to FICA tax
$128,400
$132,900