Phone(315)437-2484   Email [email protected]   Location5015 Campuswood Dr, Ste 204, E. Syracuse, NY
Employee Benefits Syracuse NY Insurance, Retirement Specialists in Syracuse NY

COLA Limits

Plan/IRA Limits 2019 2018 2017
401(k), 403(b), and SARSEP maximum deferral $19,000 $18,500 $18,000
457 maximum deferral $19,000 $18,500 $18,000
Catch-up for 401(k), 403(b), SARSEP, and 457 $6,000 $6,000 $6,000
SIMPLE election maximum deferral $13,000 $12,500 $12,500
Catch-up for SIMPLE $3,000 $3,000 $3,000
Defined Benefit-annual benefit $225,000 $220,000 $215,000
Defined Contribution-annual contributions $56,000 $55,000 $54,000
IRA limit $6,000 $5,500 $5,500
IRA catch-up $1,000 $1,000 $1,000
Compensation Limits 2019 2018 2017
Maximum compensation $280,000 $275,000 $270,000
SEP annual compensation floor $600 $600 $600
Highly Compensated Employees 2019 2018 2017
Any employee compensation $125,000 $120,000 $120,000
Key Employees 2019 2018 2017
Officer compensation $180,000 $175,000 $175,000
1% owner $150,000 $150,000 $150,000
Covered Compensation Limits 2019 2018 2017
Social Security $132,900 $128,400 $127,200
IRA Phase-out Range and Limits 2019 2018 2017
Single Covered by employer plan
$64,000-74,000
$63,000-73,000
$62,000-72,000
Married filing jointly Covered by employer plan
$103,000-123,000
$101,000-121,000
$99,000-119,000
Married filing jointly Not covered but spouse is covered
$193,000-203,000
$189,000-199,000
$186,000-196,000
Roth IRA Phase-out Range and Limits 2019 2018 2017
Single
$122,000-137,000
$120,000-135,000
$118,000-133,000
Married filing jointly
$193,000-203,000
$189,000-199,000
$186,000-196,000

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