By: Tim Hayes Financial Advisor - posted in: Financial & Retirement Planning - Last updated Feb 9, 2019

2019 Retirement Plan Contribution Limits 401(k) Plans and 403(b) Plans

by | Financial & Retirement Planning

You will able to put a little more into your workplace retirement account in 2019. The federal government has boosted the annual contribution limit on some of the popular qualified retirement plans.

Name of PlanBasic Contribution LimitAge 50 and up Catch-UpBasic + Age Fifty
401(k) Plan$19,000$6,000$25,000
SIMPLE IRA$13,000$3,000$16,000
SEP Employer OnlyCannot exceed the lesser of: 25% of compensation, or
$56,000

N/AN/A
403b Plans$19,000$6,000$25,000
457 Plan$19,000$6,000$25,000
Public School Employees Are Eligible for Both a 403b and 457$38,000$12,000$50,000
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