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