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LOAN AMORTIZATION SCHEDULE

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Retirement Plan Limits

401K PLAN LIMITS
2020 2019 2018 2017 2016
401K Elective Deferrals$19,500 $19,000 $18,500 $18,000 $18,000
Annual Defined Contribution Limit$57,000 $56,000 $55,000.00 $54,000 $53,000
Annual Compensation Limit$285,000 $280,000 $275,000 $270,000 $265,000
Catch-Up Contribution Limit$6,500 $6,000 $6,000 $6,000 $6,000.00
Key Employee / Officer Limit$185,000 $180,000 $175,000 $175,000 $170,000
Highly Compensated Employees$130,000 $125,000 $120,000 $120,000 $120,000
NON-401K RELATED LIMITS
403b/457 Elective Deferrals$19,500 $19,000 $18,500 $18,000 $18,000
SIMPLE Employee Deferrals$13,500 $13,000 $12,500 $12,500 $12,500
SIMPLE Catch-Up Deferral$3,000 $3,000 $3,000 $3,000 $3,000
SEP Minimum Compensation$600 $600 $600 $600 $600
SEP Annual Compenasation Limit$285,000 $280,000 $275,000 $270,000 $265,000
IRA Contribution Limit$6,000 $6,000 $5,500 $5,500 $5,500
IRA Catch-Up Limit$1,000 $1,000 $1,000 $1,000 $1,000
Defined Benefit Plan Limit$230,000 $225,000 $220,000 $215,000 $210,000
Social Security Wage Base$137,700 $132,900 $128,400 $127,200 $118,500