Setrics Tracker

Retirement Plan Limits

Code SectionExplanation20202019
402(g)(1) Elective DeferralsMaximum amount employees can contribute to a 401(k) or 403(b) Plan$19,500$19,000
457(b)(2) and 457(c)(1) LimitsMaximum amount an employee and/or employer can contribute to a 457 Plan$19,500$19,000
414(v)(2)(B)(i) Catch-up ContributionsAdditional amount those over age 50 can contribute to a 401(k) or 403(b) plan$6,500$6,000
414(q)(1)(B) Highly Compensated Employee ThresholdCompensation amount used to determine Highly Compensated Employees (Lookback year)$130,000$125,000
415(c)(1)(A) Defined Contribution LimitsAnnual limit on all contributions (employee and employer) for 401(k) and 403(b) plans$57,000$56,000
Annual Compensation LimitMaximum Compensation for Qualified Plan Purposes$285,000$280,000
Taxable Wage BaseSocial Security wage base$137,700$132,900

Health and Cafeteria Plan Limits

Benefits20202019
Maximum Health FSA Election$2,750$2,700
Maximum Dependent Care FSA Election$5,000$5,000
HSA Max. Contribution (Single)$3,550$3,500
HSA Max. Contribution (Family)$7,100$7,000
HSA Catch-Up Contribution (55 and over)$1,000$1,000
HDHP Min. Annual Deductible (Single)$1,400$1,350
HDHP Min. Annual Deductible (Family)$2,800$2,700
HDHP Out of Pocket Max. (Single)$6,900$6,750
HDHP Out of Pocket Max. (Family)$13,800$13,500
Parking Max. Monthly Reimbursement$270$265
QSEHRA Max. Reimbursement (Single)$5,250$5,150
QSEHRA Max. Reimbursement (Family)$10,600$10,450
Transit Max. Monthly Reimbursement$270$265
Mileage Rate (for medical treatment)TBA$0.20/mi.
Highly Compensated Employee$185, 000$180,000