2020 Retirement Plan Limits

American Pension Services, LLC

American Pension Services, LLC
Corporate Headquarters

2451 N. McMullen Booth Road, Suite 200
Clearwater, Florida 33759
813.281.0707

401(k) Elective Deferral Limit for 2020                $19,500


Catch-Up Contribution Limit for 401(k) Plans        $6,500

SIMPLE Plan Elective Deferral Limit                    $13,500

Catch-Up Contribution Limit

for SIMPLE Plans                                                  $3,000

Overall Defined Contribution Plan Limit               $57,000
(excluding 'Catch-Up' contributions)                                    

  
"Highly Compensated Employee"

Income Threshold                                               $130,000

                                               

Annual 'Covered Compensation' Limit                $285,000


2019 FICA Taxable Wage Base                            $137,700