The IRS has announced the 2019 contribution and benefit limits for 401(k) and other qualified plans.
•The 401(k) and 403(b) Maximum Annual Elective Deferral Limit has increased to $19,000
•The Catch-up Contribution Limit for individuals aged 50 or over is still $6,000
•The Annual Defined Contribution Limit has increased to $56,000
•The Defined Benefit Plan Annual Limit has increased to $225,000
I have included a flyerthat summarizes the 2018 and 2019 limits, to makes it easy to communicate the changes to your employees. The changes to the limits provide an opportunity for your company to encourage saving behavior for your employees. Please let us know how we can help.
Printers 401k®, has been serving companies in the printing industry since 1985. The Printers 401k® Program is a collaboration of 401(k) specialists who assume specific fiduciary duties for your plan. They have a keen understanding of the concerns and needs these businesses and their employees face, from mitigating fiduciary liability and costs on the plan management side to the investment options and education on the plan participation side. Their goal is to make it simple and easy for you to maintain a successful retirement plan by providing true fiduciary protection, reduced administration time, outstanding investment options, and cost savings.