The IRS has released additional cost of living adjustments which affect the dollar limits for health & welfare 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. Below is a new table of limits affecting both retirement and health & welfare plans.
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 | $2,700 |
| Dependent Care Account | ||
| Married individuals, filing separately | $2,500 | No change |
| Households | $5,000 | No change |
| 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 | $14,080 |
| Transportation Fringe Programs | ||
| Mass Transit Expenses | $260/month | $265/month |
| Parking Expenses | $260/month | $265/month |