{"id":466,"date":"2021-01-22T11:22:00","date_gmt":"2021-01-22T21:22:00","guid":{"rendered":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/?p=466"},"modified":"2022-06-05T11:22:26","modified_gmt":"2022-06-05T21:22:26","slug":"irs-2021-guidelines-for-pension-plans-and-401k-plans","status":"publish","type":"post","link":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/news-and-information\/irs-2021-guidelines-for-pension-plans-and-401k-plans\/","title":{"rendered":"IRS 2021 guidelines for pension plans and 401(k) plans"},"content":{"rendered":"\n<p>Internal Revenue Service (IRS) 2021 guidelines for pension plans and other retirement-related employee plans including 401(k) accounts are as follows:<\/p>\n\n\n\n<ul><li>Employee contribution limit to 401(k) and 403(b) plans: $19,500 (remains the same as 2020)<\/li><li>Additional \u201ccatch-up\u201d contribution limit for participants ages 50 and over: $6,500 in 2021 and 2020, and $6,000 in 2019-2015, to traditional and safe harbor 401(k) plans<\/li><li>Combined employer and employee contribution limit for defined contribution plans: may not exceed the lesser of 100% of employee\u2019s compensation or $58,000 (a $1,000 increase from 2020), not including catch-up contributions<\/li><\/ul>\n\n\n\n<p>For more information on these and other 2021 guidelines, see the&nbsp;<a href=\"https:\/\/www.irs.gov\/retirement-plans\/plan-participant-employee\/retirement-topics-401k-and-profit-sharing-plan-contribution-limits\" target=\"_blank\" rel=\"noreferrer noopener\">IRS guidelines<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Internal Revenue Service (IRS) 2021 guidelines for pension plans and other retirement-related employee plans including 401(k) accounts are as follows: Employee contribution limit to 401(k) and 403(b) plans: $19,500 (remains the same as 2020) Additional \u201ccatch-up\u201d contribution limit for participants ages 50 and over: $6,500 in 2021 and 2020, and $6,000 in 2019-2015, to traditional [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/posts\/466"}],"collection":[{"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/comments?post=466"}],"version-history":[{"count":1,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/posts\/466\/revisions"}],"predecessor-version":[{"id":467,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/posts\/466\/revisions\/467"}],"wp:attachment":[{"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/media?parent=466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/categories?post=466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/tags?post=466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}