2021 Retirement Plan Limits

November 3, 2020

Recently, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2021. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan will remain the same at $19,500 in 2021. Additional information regarding the new limitations can be found in the table below.

401(k) Plan Limits

401k plan limits - 2021
Source: irs.gov

Non-401(k) Related Plan Limits

non-401k related plan limits 2021
Source: irs.gov

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