Facts & Figures

Download PDF – 2015-2019

2019 2018 2017 2016 2015 2014 2013
IRC Limits
401(k) plan elective deferral limit 19,000 18,500 18,000 18,000 18,000 17,500 17,500
401(k) plan elective deferral catch-up limit 6,000 6,000 6,000 6,000 6,000 5,500 5,500
Eligible 457 plan deferral limit 19,000 18,500 18,000 18,000 18,000 17,500 17,500
415 defined benefit maximum annuity 225,000 220,000 215,000 210,000 210,000 210,000 205,000
415 defined contribution maximum annual addition 56,000 55,000 54,000 53,000 53,000 52,000 51,000
401(a)(17) and 408(k)(3)(C) compensation limit 280,000 275,000 270,000 265,000 265,000 260,000 255,000
Highly compensated employee threshold 125,000 120,000 120,000 120,000 120,000 115,000 115,000
Social Security
Cost-of-living increase 2.80% 2.00% 0.30% 0.00% 1.70% 1.50% 1.70%
OASDI contribution and benefit base (wage base) 132,900 128,400 127,200 118,500 118,500 117,000 113,700
Maximum monthly social security benefit worker retiring in January at age 65 2,757 2,589 2,542 2,491 2,452 2,431 2,414
PIA formula
1st bend point 926 895 885 856 826 816 791
2nd bend point 5,583 5,397 5,336 5,157 4,980 4,917 4,768
FICA tax rates
OASDI employer and employee 6.20% 6.20% 6.20% 6.20% 6.20% 6.20% 6.20%
HI employer and employee 1.45% 1.45% 1.45% 1.45% 1.45% 1.45% 1.45%
OASDI self-employed 12.40% 12.40% 12.40% 12.40% 12.40% 12.40% 12.40%
HI self-employed 2.90% 2.90% 2.90% 2.90% 2.90% 2.90% 2.90%
HI additional employee tax 0.90% 0.90% 0.90% 0.90% 0.90% 0.90% n/a
Medicare Part A – Hospital Insurance
Maximum monthly premium 437 422 413 411 407 426 441
Monthly premium for those with 30-39 credits 240 232 227 226 224 234 243
Inpatient hospital deductible 1,364 1,340 1,316 1,288 1,260 1,216 1,184
Coinsurance
Daily payment for 61-90 days of inpatient care 341 335 329 322 315 304 296
Lifetime limit for up to 60 reserve days 682 670 658 644 630 608 592
Daily payment for 21-100 days in a skilled nursing facility 170.50 167.50 164.50 161.00 157.50 152.00 148.00
Medicare Part B – Medical Insurance
Standard monthly premium 135.50 134 134 105 105 105 105
Annual deductible 185 183 183 166 147 147 147
Medicare Part D – Drug Benefit
Maximum annual deductible 415 405 400 360 320 310 325
25% co-pay up to coverage limit of: 3,820 3,750 3,700 3,310 2,960 2,850 2,970
100% co-pay until total out-of-pocket spending: 5,100 5,000 4,950 4,850 4,700 4,550 4,750
5% co-pay after total drug spending: 8,140 8,418 8,071 7,515 7,062 6,691 6,955