Deferred Compensation Contribution Amounts for 2019
The Deferred Compensation Plan maximum amounts that can be contributed for 2019 is as follows:
- The base maximum contribution is $19,000.
- Participants are allowed to contribute an additional $6,000 in the year they turn age 50 or greater for an annual maximum of $25,000. This represents the annual allowable of $19,000, plus the additional $6,000.
- The catch-up maximum is $38,000. This represents double the annual maximum of $19,000.
For more information, please email the Deferred Compensation Specialist.