Each year, the IRS announces a number of limits that apply to qualified retirement plans.  The table below summarizes some of these limits.

 2019 Limit 2018 Limit
401(k) Maximum Deferral (402(g) Limit)$ 19,000$ 18,500
Age 50 “Catch Up” Contribution Limit$ 6,000$ 6,000
415 Limit (annual additions limit)$ 56,000$ 55,000
Highly Compensated Employee Dollar Limit$125,000$120,000
Key Employee Dollar Limit (top-heavy plans)$180,000$175,000
Compensation Limit$280,000$275,000
Taxable Wage Base$132,900$128,400
IRA Maximum Contribution$ 6,000$ 5,500