2020 Contribution Limits for Retirement Plans

The IRS has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. For company retirement plans, the most recognized highlight is the 401(k) contribution limit increase to $19,500 for the new year.

Review the full list of contribution limit changes below and share with your plan participants!

 

Download the 2020 Contribution Limits

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