Setrics Tracker

Retirement Plan Limits

Code SectionExplanation20212020
402(g)(1) Elective DeferralsMaximum amount employees can contribute to a 401(k) or 403(b) Plan$19,500 $19,500
457(b)(2) and 457(c)(1) LimitsMaximum amount an employee and/or employer can contribute to a 457 Plan$19,500 $19,500
414(v)(2)(B)(i) Catch-up ContributionsAdditional amount those over age 50 can contribute to a 401(k) or 403(b) plan$6,500 $6,500
414(q)(1)(B) Highly Compensated Employee ThresholdCompensation amount used to determine Highly Compensated Employees (Lookback year)$130,000 $130,000
415(c)(1)(A) Defined Contribution LimitsAnnual limit on all contributions (employee and employer) for 401(k) and 403(b) plans$58,000 $57,000
Annual Compensation LimitMaximum Compensation for Qualified Plan Purposes$290,000 $285,000
Taxable Wage BaseSocial Security wage base$142,800 $137,700

Health and Cafeteria Plan Limits

Maximum Health FSA Election$2,750$2,750
Maximum Dependent Care FSA Election$5,000$5,000
HSA Max. Contribution (Single)$3,600$3,550
HSA Max. Contribution (Family)$7,200$7,100
HSA Catch-Up Contribution (55 and over)$1,000$1,000
HDHP Min. Annual Deductible (Single)$1,400$1,400
HDHP Min. Annual Deductible (Family)$2,800$2,800
HDHP Out of Pocket Max. (Single)$7,000$6,900
HDHP Out of Pocket Max. (Family)$14,000$13,800
Parking Max. Monthly Reimbursement$270$270
QSEHRA Max. Reimbursement (Single)$5,300$5,250
QSEHRA Max. Reimbursement (Family)$10,700$10,600
Transit Max. Monthly Reimbursement$270$270
Mileage Rate (for medical treatment)$.16/mi$0.17/mi
Annual Threshold of Highly Compensated Employee$130, 000$130,000
Annual Salary Threshold of Key Employee (officer/owners earning over)$185,000$185,000