Defined Contribution

IRS Announces Updated Retirement Plan Limits for 2021

New DC Plan Limits for 2021
clock
0 min 29 sec

The IRS announced the updated retirement plan limits for 2021. Below, we highlight the notable DC plan limits:

  • The annual contribution limit will remain the same at $19,500.
  • The age 50 annual catch-up contribution limit will remain the same at $6,500.
  • The annual compensation limit will increase from $285,000 to $290,000.
  • The Section 415(c) limit will increase from $57,000 to $58,000.
  • The highly compensated employee threshold will remain the same at $130,000.
  • Visit the IRS publication to learn more.

Posted by

Share
Share on facebook
Share on twitter
Share on linkedin
Related Posts
Operations

How SECURE 2.0 Affects DC Plans

Greg Ungerman
Jana Steele, Patrick Wisdom, and Greg Ungerman explain the changes to DC plans stemming from SECURE 2.0.
Operations

What DC Plan Sponsors Should Know About Recent Litigation Trends: Part 2

Jana Steele
Jana Steele reviews key themes to emerge from our analysis of DC plan litigation from 2019-2022.
Operations

What DC Plan Sponsors Should Know About Recent Litigation Trends: Part 1

Jana Steele
In the first of two blog posts, Jana Steele provides an overview of DC plan litigation from 2019-2022.
Operations

Financial Wellness: Is It the Right Prescription for Your DC Plan?

Jana Steele
Jana Steele provides a summary of her recent white paper on financial wellness options for DC plans.
Operations

DOL Weighs in on Cryptocurrencies in DC Plans

Benjamin Taylor
Ben Taylor explains the compliance assistance bulletin from the Department of Labor on cryptocurrencies.
Operations

DC Plans Continue Laser-Focus on Fees, Exclusive Callan Survey Finds

Jamie McAllister
Jamie McAllister provides a high-level summary of the 2022 DC Trends Survey.
Operations

The Supreme Court Weighs in on Northwestern DC Case

Jana Steele
Jana Steele explains the implications of the Supreme Court's Northwestern ruling for DC plan sponsors.
Operations

DOL Shifts Tone on Private Equity in DC Plans

Patrick Wisdom
Patrick Wisdom analyzes the new DOL guidance on the role of private equity in DC plans.
Operations

DOL Updates the Fiduciary Rule (Again)

Jana Steele
Jana Steele explains what the latest update to the fiduciary rule means for DC plan sponsors.
Operations

Watch What You Say: Employee Benefit Claims

Jana Steele
Jana Steele explains how a new EBSA letter on informational calls with plan participants affects sponsors.

Callan Family Office

You are now leaving Callan LLC’s website and going to Callan Family Office’s website. Callan Family Office is not affiliated with Callan LLC.  Callan LLC has licensed the Callan® trademark to Callan Family Office for use in providing investment advisory services to ultra-high net worth clients, family foundations, and endowments. Callan Family Office and Callan LLC are independent, unaffiliated investment advisory firms separately registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.

Callan LLC is not responsible for the services and content on Callan Family Office’s website. Inclusion of this link does not constitute or imply an endorsement, sponsorship, or recommendation by Callan LLC of their website, or its contents, and Callan LLC is not responsible or liable for your use of it. When visiting their website, you are subject to Callan Family Office’s terms of use and privacy policies.