Annual Limits for Qualified Plans and Social Security

Government Limits for QualifiedPlans and Social Security

Each year the U.S. government adjusts the limits for qualified plans and Social Security to reflect cost-of-living adjustments and changes in the law. Many of these limits are based on the “plan year” as defined in the plan document. The elective deferral and catch-up limits are always based on the calendar year.

Elective Deferral and Catch-Up Limits