"Leadership is an action, not a position." Donald McGannon
Age |
401(k) only |
401(k) with Profit Sharing |
Cash Balance* |
Total |
70 |
$26,000 |
$63,500 |
$343,000 |
$406,500 |
69 |
$26,000 |
$63,500 |
$328,000 |
$391,500 |
68 |
$26,000 |
$63,500 |
$315,000 |
$378,500 |
67 |
$26,000 |
$63,500 |
$301,000 |
$364,500 |
66 |
$26,000 |
$63,500 |
$289,000 |
$352,500 |
65 |
$26,000 |
$63,500 |
$277,000 |
$340,500 |
64 |
$26,000 |
$63,500 |
$283,000 |
$346,500 |
63 |
$26,000 |
$63,500 |
$289,000 |
$352,500 |
62 |
$26,000 |
$63,500 |
$294,000 |
$357,500 |
61 |
$26,000 |
$63,500 |
$280,000 |
$343,500 |
60 |
$26,000 |
$63,500 |
$266,000 |
$329,500 |
59 |
$26,000 |
$63,500 |
$253,000 |
$316,500 |
58 |
$26,000 |
$63,500 |
$241,000 |
$304,500 |
57 |
$26,000 |
$63,500 |
$229,000 |
$292,500 |
56 |
$26,000 |
$63,500 |
$218,000 |
$281,500 |
55 |
$26,000 |
$63,500 |
$207,000 |
$270,500 |
54 |
$26,000 |
$63,500 |
$197,000 |
$260,500 |
53 |
$26,000 |
$63,500 |
$188,000 |
$251,500 |
52 |
$26,000 |
$63,500 |
$179,000 |
$242,500 |
51 |
$26,000 |
$63,500 |
$170,000 |
$233,500 |
50 |
$26,000 |
$63,500 |
$162,000 |
$225,500 |
49 |
$19,500 |
$57,000 |
$154,000 |
$211,000 |
48 |
$19,500 |
$57,000 |
$146,000 |
$203,000 |
47 |
$19,500 |
$57,000 |
$139,000 |
$196,000 |
46 |
$19,500 |
$57,000 |
$132,000 |
$189,000 |
45 |
$19,500 |
$57,000 |
$126,000 |
$183,000 |
44 |
$19,500 |
$57,000 |
$120,000 |
$177,000 |
43 |
$19,500 |
$57,000 |
$114,000 |
$171,000 |
42 |
$19,500 |
$57,000 |
$108,000 |
$165,000 |
41 |
$19,500 |
$57,000 |
$103,000 |
$160,000 |
40 |
$19,500 |
$57,000 |
$98,000 |
$155,000 |
39 |
$19,500 |
$57,000 |
$93,000 |
$150,000 |
38 |
$19,500 |
$57,000 |
$89,000 |
$146,000 |
37 |
$19,500 |
$57,000 |
$85,000 |
$142,000 |
36 |
$19,500 |
$57,000 |
$80,000 |
$137,000 |
YEAR |
2020 |
2019 |
2018 |
Cash Balance Maximum Lump Sum1 |
$3,000,000 |
$2,900,000 |
$2,800,000 |
Cash Balance/Defined Benefit Annuity2 |
$230,000 |
$225,000 |
$220,000 |
Defined Contribution2 |
$57,000 |
$56,000 |
$55,000 |
401(k) & 403(b) Deferrals3 |
$19,500 |
$19,000 |
$18,500 |
Catch-Up Limit3 |
$6,500 |
$6,000 |
$6,000 |
Maximum Compensation4 |
$285,000 |
$280,000 |
$275,000 |
Highly Compensated Employee5 |
$130,000 |
$125,000 |
$120,000 |
Social Security Taxable Wage Base3 |
$137,700 |
$132,900 |
$128,400 |