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November 8, 2019 Article 2 min read
Want to view the 2020 limits for qualified retirement plan benefits and contributions at a glance? Here’s our two-minute overview.
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The IRS recently released the 2020 cost-of-living adjustments (COLAs) for pension and 401(k) limitations.

Here are the highlights:

  • The IRC Section 415(c) contribution limit applicable to defined contribution retirement plans increased from $56,000 to $57,000 for 2020.
  • The IRC Section 401(a)(17) annual compensation limit applicable to retirement plans increased from $280,000 to $285,000 for 2020.
  • The elective deferral limit under IRC Section 402(g) increased to $19,500 for 2020.
  • The catch-up contribution limit under IRC Section 414(v) for individuals aged 50 or over increased to $6,500 for 2020.

View our handy summary of the indexed amounts and other commonly used limits for 2017 to 2020.

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