Contribution Limits

The deadline to make a 2019 contribution is April 15th, 2020.

2018 Contribution Limits

Traditional/Roth IRAs
Annual Contribution:$5,500
Catch-Up Contribution:$1,000
SEP IRA
Annual Contribution:The lesser of $55,000 or 25% of compensation
SIMPLE IRA
Employee Salary Deferral:$12,500
Salary Deferral Catch-Up Contribution:$3,000
Employer Matching Contribution:Between 1-3% of employee’s deferral
Employer Non-Elective Contribution:2% of employee’s compensation
401(k)/Profit-Sharing Plan
Employee Salary Deferral:$18,500
Salary Deferral Catch-Up Contribution (ages 50 and older):$6,000
Employer Profit-Sharing Contribution:Up to 25% of salary of self-employed earning
Total Combined Contribution-Salary Deferral plus Profit Sharing Match (under age 50):$55,000
Total Combined Contribution-Salary Deferral plus Profit Sharing Match (ages 50 or older):$61,000
Health Savings Account (HSA)
Individual HSA Account:$3,450
Family HSA Account:$6,900
Additional Catch-Up Provision:$1,000
Education Savings Account (ESA)
Annual Contribution (per beneficiary):$2,000

2019 Contribution Limits

Traditional/Roth IRAs
Annual Contribution:$6,000
Catch-Up Contribution:$1,000
SEP IRA
Annual Contribution:25% of net earnings up to $55,000
SIMPLE IRA
Employee Salary Deferral:$13,000
Salary Deferral Catch-Up Contribution:$3,000
Employer Matching Contribution:Between 1-3% of employee’s deferral
Employer Non-Elective Contribution:2% of employee’s compensation
401(k)/Profit-Sharing Plan
Employee Salary Deferral:$19,000
Salary Deferral Catch-Up Contribution (ages 50 and older):$6,000
Employer Profit-Sharing Contribution:Up to 25% of salary of self-employed earning
Total Combined Contribution-Salary Deferral plus Profit Sharing Match (under age 50):$55,000
Total Combined Contribution-Salary Deferral plus Profit Sharing Match (ages 50 or older):$61,000
Health Savings Account (HSA)
Individual HSA Account:$3,450
Family HSA Account:$6,900
Additional Catch-Up Provision:$1,000
Education Savings Account (ESA)
Annual Contribution (per beneficiary):$2,000
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