Earlier this week, the Internal Revenue Service issued the various retirement benefit plan limitations for 2019.  There are changes to some of the most important numbers from 2018:

• Elective Deferral Limit $19,000
• Catch-Up Contributions $6,000
• 415 (Total) Plan Limit $56,000
• Compensation Limit     $280,000

The attached chart shows the historical limits from 2015 through 2019, and a reference to the IRS sources.

For more information regarding these updates, please contact Matthew J. Flanary at
(262) 364-0253 or at mflanary@buelowvetter.com.