The IRS has released additional cost of living adjustments which affect the dollar limits for both retirement and health & welfare plans. Many of the limits have not increased for 2021. Please refer to the table below.

2020 2021
Retirement Limitations
401(k) / 403(b) / 457 Plan Maximum Elective Deferral $19,500 No change
Qualified Plan Compensation Limit $285,000 $290,000
Catch-Up Contribution Limit for all plans other than 401(k)(11) and 408(p) plans $6,500 No change
Catch-Up Contribution Limit for 401(k)(11) or 408(p) plans $3,000 No change
Highly Compensated Employee Definition $130,000 No change
Top Heavy Key Employee Definition $185,000 No change
Defined Contribution Annual Additions Limit $57,000 $58,000
Defined Benefit Annual Benefit Limit $230,000 No change
Social Security Taxable Wage Base $137,700 $142,800
Flexible Spending Accounts (FSAs)
Health FSA Limit $2,750 No change
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 $3,550 $3,600
Family $7,100 $7,200
Catch-up $1,000 No change
HDHP Out of Pocket Maximum
Individual $6,900 $7,000
Family $13,800 $14,000
HDHP Minimum Annual Deductible
Individual $1,400 No change
Family $2,800 No change
Employer Provided Adoption Assistance Programs $14,300 $14,400
Transportation Fringe Programs
Mass Transit Expenses $270/month No change
Parking Expenses $270/month No change