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LOAN AMORTIZATION SCHEDULE

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Retirement Plan Limits

401K PLAN LIMITS
2021 2020 2019 2018 2017
401K Elective Deferrals $19,500 $19,500 $19,000 $18,500 $18,000
Annual Defined Contribution Limit $58,000 $57,000 $56,000 $55,000 $54,000
Annual Compensation Limit $290,000 $285,000 $280,000 $275,000 $270,000
Catch-Up Contribution Limit $6,500 $6,500 $6,000 $6,000 $6,000
Key Employee / Officer Limit $185,000 $185,000 $180,000 $175,000 $175,000
Highly Compensated Employees $130,000 $130,000 $125,000 $120,000 $120,000
NON-401K RELATED LIMITS
403b/457 Elective Deferrals $19,500 $19,500 $19,000 $18,500 $18,000
SIMPLE Employee Deferrals $13,500 $13,500 $13,000 $12,500 $12,500
SIMPLE Catch-Up Deferral $3,000 $3,000 $3,000 $3,000 $3,000
SEP Minimum Compensation $650 $600 $600 $600 $600
SEP Annual Compenasation Limit $290,000 $285,000 $280,000 $275,000 $270,000
IRA Contribution Limit $6,000 $6,000 $6,000 $5,500 $5,500
IRA Catch-Up Limit $1,000 $1,000 $1,000 $1,000 $1,000
Defined Benefit Plan Limit $230,000 $230,000 $225,000 $220,000 $215,000
Social Security Wage Base $142,800 $137,700 $132,900 $128,400 $127,200