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Co-op 401k Image 1: Full

Current Plan Year Limits

  2020 2019
Defined Benefit Plan Dollar Annuity Limit
IRC §415(b)(1)(A)
$230,000 $225,000
Defined Contribution Plan Combined Limit
IRC §415(c)(1)(A)
$57,000 $56,000
Defined Contribution Plan Elective Deferral Limit
IRC §402(g)(1)
$19,500 $19,000
Government/Tax-Exempt Plans’ Deferral Limit
IRC §457(e)(15)
$19,500 $19,000
401(k)/403(b)/457 Plans’ “Catch-Up” Limit
IRC §414(v)(2)(B)(i)
$6,500 $6,000
Annual Compensation Limit
IRC §§401(a)(17), 404(l)
$285,000 $280,000
Highly Compensated Employee (HCE) Limit
IRC §414(q)(1)(B)
$130,000
(HCEs in 2020)
$125,000
(HCEs in 2019)
Key Employee/Officer Compensation
IRC §416(i)(1)(A)(i)
$185,000 $180,000