2019 Contribution Limits

Annual Contribution Limits are as follows:

401(k)- $19,000

  • Additional catch-up election for investors age 50 and older of $6,000

403(b)- $19,000

  • Additional catch-up election for investors age 50 and older of $6,000
  • Employees who have been with their employer for at least 15 years may defer an additional $3,000 per year for 5 years if their employer allows for these types of catch-up elections.

457 Deferred Comp- $19,000

  • Additional catch-up election for investors age 50 and older of $6,000

Traditional IRA- $6,000

  • Additional catch-up election for investors age 50 and older of $1,000

ROTH IRA- $6,000

  • Additional catch-up election for investors age 50 and older of $1,000

Simple IRA - $13,000

  • Additional catch-up election for investors age 50 and older of $3,000

SEP IRA- Up to 25% of total eligible payroll (and not more than $56,000 per participant) and each eligible employee must receive the same percentage.

Coverdell Education Savings Account- $2,000

529 Plans - The current contribution limit is $14,000 per individual or $28,000 if contributing with a spouse.  Single contribution amounts can be as high as $70,000 (Individual) or $140,000 (Couple) per beneficiary but there are specials rules that go along with those higher contributions.  Maximum lifetime contribution limits vary by plan.

The information on this web site is deemed accurate but not guaranteed.  There are many factors regarding eligibility.  Please contact KEI Financial and/or your tax advisor for further information regarding contribution limits.