2021 ESOP and Pension Plan Limits

Posted by Aaron Juckett, CPA, CPC, QPA, QKA on Tue, Oct 27, 2020
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The IRS has announced the 2021 pension plan limits, which includes the following: 

  • 401(k) Deferral Limit - $19,500
  • Annual Additions Limit - $58,000
  • Maximum Compensation Limit - $290,000
  • Catch-Up Contribution Limit - $6,500
  • Highly Compensated Employee - $130,000
  • ESOP 5-Year Distribution Threshold - $1,165,000
  • ESOP Additional Year Threshold - $230,000
 
Want a notification next time these limits change? Just tell us where to send it!

 

Here are some related links:

ESOP Administration Timeline eBook

Topics: rules and regulations, Employee Stock Ownership Plan (ESOP)

Aaron Juckett, CPA, CPC, QPA, QKA
Written by Aaron Juckett, CPA, CPC, QPA, QKA

Aaron is President and Founder of ESOP Partners and provides implementation, administration, and consulting services to hundreds of companies. He is a member of The ESOP Association (TEA) and the National Center for Employee Ownership (NCEO).

Keep Your ESOP On Track and On Time
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