401k / IRA 2021 Limits

401K 

401K limit for 2021 remains at $ 19,500.00

401k catch-up contribution (employees aged 50 and over) remains at $ 6,500.00

SIMPLE IRA

Simple IRA limit for 2021 remains at $ 13,500.00

Simple IRA catch-up contribution (employees aged 50 and over) remains at $ 3,000.00

 

If you are interested in starting or changing to a new Benefit partner then please call us at 716 259-1304.  Village Payroll will work with you on building out a full benefit package for your employees.

www.villagepayroll.com

Krista Loveless 13 January, 2021
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