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2021 IRS Contribution and Benefit Limits

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The 2021 IRS contribution and benefit limits for 401(k) and other qualified plans are available, with the highlights:
 
  • The 401(k) and 403(b) maximum annual elective deferral limits remain unchanged at $19,500. 
 
  • The catch-up contribution limit for individuals aged 50 or over is still $6,500. 
 
  • The annual defined contribution limit has increased to $58,000. 
 
  • The annual allowable compensation limit has increased to $290,000. 
 

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