We received very good news from the IRS regarding the 401(k) limits for 2019. The contribution limit for 401(k) and 403(b) plans increased to $19,000 and we also received an increase in IRA limits for the first time in years. Please refer to the table for a listing of the most important numbers for next year.
The 2018 and new 2019 limits are listed below:
Contact one of our registered investment advisors with any questions regarding contribution limits, or questions related to your company sponsored retirement plan.