2021 Qualified Plans Deduction Limits

February 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 ...