The IRS has released the cost of living adjustments that affect the dollar limits for various retirement plans. Many of the limits have increased from 2018 to 2019 due to an increase in the Consumer Price Index on which these limits are based.

At this time, the cost of living adjustments have not been announced for certain health & welfare plans, while other limits were announced earlier this year. The limits that have not been officially announced by the IRS are noted with a “TBD” in their column. As soon as these limits are determined, we will send out an update.

Please contact your Nyhart consultant for additional information or questions.

2018 2019
Retirement Limitations
401(k) / 403(b) / 457 Plan Maximum Elective Deferral $18,500 $19,000
Qualified Plan Compensation Limit $275,000 $280,000
Catch-Up Contribution Limit for all plans other than 401(k)(11) and 408(p) plans $6,000 No change
Catch-up Contribution Limit for 401(k)(11) and 408(p) $3,000 No change
Highly Compensated Employee Definition $120,000 $125,000
Top Heavy Key Employee Definition $175,000 $180,000
Defined Contribution Annual Additions Limit $55,000 $56,000
Defined Benefit Annual Benefit Limit $220,000 $225,000
Social Security Taxable Wage Base $128,400 $132,900
Flexible Spending Accounts (FSAs)
Health FSA Limit $2,650 TBD
Dependent Care Account
Married individuals, filing separately $2,500 TBD
Households $5,000 TBD
Health Savings Account Limitations (HSAs)
HSA Contribution Limits
Individual $3,450 $3,500
Family $6,900 $7,000
Catch-up $1,000 No change
HDHP Out of Pocket Maximum
Individual $6,650 $6,750
Family $13,300 $13,500
HDHP Minimum Annual Deductible
Individual $1,350 No change
Family $2,700 No change
Employer Provided Adoption Assistance Programs $13,840 TBD
Transportation Fringe Programs
Mass Transit Expenses $260/month TBD
Parking Expenses $260/month TBD