2019 Cost of Living Adjustments
Every Fall, the coming year’s Cost-of-Living Adjustments (COLAs) are released by the Internal Revenue Service. The benefit increases counteract the effects of inflation and keep up with the “cost of living”. Below are the limits for 2019.
| 2019 | 2018 | |
| Maximum compensation limit | $280,000 | $275,000 |
| Defined contribution plan maximum contribution | $56,000 | $55,000 |
| Defined benefit plan maximum benefit | $225,000 | $220,000 |
| 401(k), 403(b) and 457 plan elective maximum elective deferrals | $19,000 | $18,500 |
| Catch-up contributions | $6,000 | $6,000 |
| SIMPLE plan elective deferrals | $13,000 | $12,500 |
| Catch-up contributions | $3,000 | $3,000 |
| IRA | $6,000 | $5,500 |
| Catch-up contributions | $1,000 | $1,000 |
| Highly Compensated Salary Threshold | $125,000 | $120,000 |
| Officer Salary Threshold | $180,000 | $175,000 |
| Social Security taxable wage base | $132,900 | $128,400 |
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