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 | |