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General Information
2019 LIMITS FOR BENEFIT PLAN
The Benefit Plan limits for 2019 have been published and are provided for your information.
| Annual limit for 401(k) Plan Deferrals | $19,000.00 |
| Annual limit for 401(k) Catch Up contributions | $6,000.00 |
| Definition of "Highly" Compensated | $125,00.00 |
| Social Security Wage Base | $132,900.00 |
| Social Security Tax | 6.2% |
| NAF Retiree COLA | 2.3% |
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Medicare tax remains at 1.45% Dependent Care (for FSA) annual max deferral remains at $5,000.00 Health Care (for FSA) annual max dererral increases to $2,700.00 |
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* There is no discrimination testing for 401(k) Plans, but discrimination testing is applicable for FSA Dependent Care and Health Care. 2019 Annual 415(c) limit for defined contribution plan is $56,000.00 |
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