Contribution Limits for Retirement Plans

403(b) and 401(k) Retirement Plans

Limit Type

Basic Limit1,2
Salary Reduction Contributions1,2,3
Over 50 Catch-Up Contributions1,3

2020

$57,000
$19,500
$6,500

2019

$56,000
$19,000
$6,000

457(b) Plans

Limit Type

457(b) Plan Limit1,2

2020

$19,500

2019

$19,000

Traditional and Roth IRAs

Limit Type

Traditional/Roth IRA Contributions1
Over 50 Catch-Up Contributions

2020

$6,000
$1,000

2019

$6,000
$1,000


1The IRS may adjust future limits annually for inflation.

2The maximum contribution is the lesser of 100% of compensation or this limit.  For ministers, housing allowance is not included as taxable compensation.

3Includes employee salary reduction contributions and Roth elective deferral contributions.