Changes to 401(k) Contribution Limits for 2020

Changes to 401(k) Contribution Limits for 2020

January 13th, 2020 10:48 am
401(k) contribution limits

Every year, the IRS takes a fresh look at 401(k) contribution limits and makes changes as necessary. Below are some of the more significant changes for 2020: Contribution limits for employees who participate in 401(k) plans, 403(b) plans, most 457 plans and the federal government’s Thrift Savings Plan are increasing to $19,500 from $19,000. The catch-up […]