Qualified Pension Plan Contribution Limits

Contribution Limits for the 2018 Tax Year are as follows:

PlanContribution LimitCatch-Up
401(k)$18,500$24,500
403(b) (annuity)$18,500$24,500
408(k) SEP$12,500$15,500
408(p) (SIMPLE)$12,500$15,500
457$18,500$24,500

Contribution Limits for the 2019 Tax Year are as follows:

PlanContribution LimitCatch-Up
401(k)$19,000$25,000
403(b) (annuity)$19,000$25,000
408(k) SEP$13,000$16,000
408(p) (SIMPLE)$13,000$16,000
457$19,000$25,000

An employee may make "catch-up" contributions to his 401(k), 403(b), 408(k), 408(p), or 457 plan if he is eligible to make elective deferrals under the plan and will be 50 or over before the end of the calendar year. This optional provision must first be elected by the pension plan sponsor.

Traditional & Roth IRAs:

For 2018 contributions to Roth and traditional IRAs are limited to $5,500; catch-up contributions are $6,500. For 2019, contributions to Roth and traditional IRAs are $6,000; catch-up contributions are $7,000.