2021 Pension Plan Limits
The IRS announced the latest pension plan limits for tax year 2021.
- Elective deferral limit remains unchanged at $19,500
- Defined contribution limit increases by $1,000 to $58,000
- Defined benefit limit remains unchanged at $230,000
- Overall, many limits remained unchanged
We have updated our Select Qualified Retirement Plan Limitations Sheet. This sheet compares select limitation figures from the past three years and clearly highlights changes from the previous year.