2020 Maximum Contribution Limits
|
Retirement Plan Type |
Under Age 50 |
Age 50 or older |
|
401(k), 403(b), Thrift Savings Plan, 457 Plan |
$19,500.00 |
$26,000.00 |
|
Simple IRA |
$13,500.00 |
$16,500.00 |
|
SEP IRA Max (up to 25% of wages) |
$57,000.00 |
$57,000.00 |
|
Defined Contribution total contribution with 401(k) |
$57,000.00 |
$63,500.00 |
