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2021 Qualified Plans Deduction Limits

2021 Qualified Plans Deduction Limits

Feb 11, 2021

MVP Plan Administrators, Inc. is pleased to announce the Pension Plan Limitations for 2021.Elective Deferrals 402(g) for 401(k), 403(b) and 457 Plans – This limit is combined for Roth or Pre-tax deferral elections. The limit on elective deferrals (again a combined Roth or pre-tax) for participants in 401(k), 403(b) and 457 plans (excluding SIMPLE plans) remains unchanged at $19,500.Catch-up contributions 414(v)(2)(B)(i) – A participant who is at least age 50 before the end of the ...

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