Monthly Archives: January 2020

2020 Retirement Plan Contribution Limits Increase

Highlights of changes for 2020 The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan has increased from $19,000 to $19,500. The catch-up contribution limit for employees aged 50 and over who participate in these plans has increased from $6,000 to $6,500.The contribution limitation regarding […]