Cost of Living Adjustments Chart for Employee Benefit Plans

Summary

This chart shows for recent years the limits for contributions and benefits applicable to tax-qualified retirement plans, including 401(k), 403(b), and 457 plans; simplified employee pensions (SEPs), salary reduction SEPs (SARSEPs), and savings incentive match plans for employees (SIMPLE IRA and SIMPLE 401(k) plans); and individual retirement accounts and individual retirement annuities (IRAs). Also shown are the thresholds for certain definitions used for benefit plan compliance, limits for other types of tax-qualified benefits, health savings accounts, health flexible spending accounts, and the Social Security wage base threshold. Most of these figures are adjusted annually for increases in the cost of living.