2021 Retirement Plan Limits Announced
Summary of 2021 Retirement Plan Limits
November 9, 2020
On October 26, 2020, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations (“COLA limits”) for employer-sponsored retirement plans for tax year 2021. Most limits for employer-sponsored plans remain unchanged for 2021. A summary of the changes is shown in the table below. For additional details please see Notice 2020-79 published by the IRS.