Maximum IRS Contribution Limits for 2021

(as announced by the IRS, October 2020)

Elective Deferrals (401(k) and 403(b); not including adjustments and catch-ups)…$19,500

457(b)(2) and 457(c)(1) Limits (not including catch-ups)…$19,500

Section 414(v) Catch-Up Deferrals to 401(k), 403(b), 457(b), or SARSEP Plans…$6,500

Defined Benefit Plans…$230,000

Defined Contribution Plans (annual additions limit)…$58,000