The Internal Revenue Service and Social Security Administration have announced (see IRS Notice 2018-83 (Nov. 1, 2018) and Social Security Administration News Release (Oct. 11, 2018)) the cost of living adjusted dollar limits applicable to benefit plans. The key limits are listed below:

401(k)/403(b)/457 plan maximum elective deferral
2018 Limit: $18,500
2019 Limit: $19,000

401(k)/403(b)/457 Catch-up
2018 Limit: $6,000
2019 Limit: $6,000

Defined contribution maximum annual addition
2018 Limit: $55,000
2019 Limit: $56,000

Defined benefit maximum annual pension
2018 Limit: $220,000
2019 Limit: $225,000

Qualified plans maximum compensation limit
2018 Limit: $275,000
2019 Limit: $280,000

Highly Compensated Employee
2018 Limit: $120,000
2019 Limit: $125,000

IRA Limit
2018 Limit: $5,500
2019 Limit: $6,000

IRA Catch-up
2018 Limit: $1,000
2019 Limit: $1,000

SIMPLE Limit
2018 Limit: $12,500
2019 Limit: $13,000

SIMPLE Catch-up
2018 Limit: $3,000
2019 Limit: $3,000

Social Security Taxable Wage Base
2018 Limit: $128,700
2019 Limit: $132,900