The IRS has announced the 2020 pension plan limits, including the following:
- 401(k) Deferral Limit - $19,500
- Annual Additions Limit - $57,000
- Maximum Compensation Limit - $285,000
- Catch-Up Contribution Limit - $6,500
- Highly Compensated Employee - $130,000
- ESOP 5-Year Distribution Threshold - $1,150,000
- ESOP Additional Year Threshold - $230,000
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