General Information

   

2019 LIMITS FOR BENEFIT PLAN

The Benefit Plan limits for 2019 have been published and are provided for your information.

Annual limit for 401(k) Plan Deferrals $19,000.00
Annual limit for 401(k) Catch Up contributions $6,000.00
Definition of "Highly" Compensated $125,00.00
Social Security Wage Base $132,900.00
Social Security Tax 6.2%
NAF Retiree COLA 2.3%

Medicare tax remains at 1.45%

Dependent Care (for FSA) annual max deferral remains at $5,000.00

Health Care (for FSA) annual max dererral increases to $2,700.00

* There is no discrimination testing for 401(k) Plans, but discrimination testing is applicable for FSA Dependent Care and Health Care.

2019 Annual 415(c) limit for defined contribution plan is $56,000.00