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.
