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IRS sets 2019 contribution limits for 403(b) plans

Changes include pretax elective deferral increase to $19,000

Book labeled 403(b) Plan

Image credit: GETTY IMAGES

The Internal Revenue Service recently announced the annual 403(b) limits for 2019. They are as follows:

  • Pre-tax elective deferral: $19,000 (was $18,500 in 2018)
  • Age 50 and over catch-up: $6,000 (same as 2018)
  • Overall by employer/employee: $56,000 (was $55,000 in 2018)
  • Annual compensation limit: $280,000 (was $275,000 in 2018)

You are able to view, make changes, and enroll in your Johns Hopkins University retirement plan at any time during the year using the online Retirement Choice portal available on the myChoices tab of the Benefits website.

Should you need assistance with the online portal, contact the JHU Retirement Center at TIAA at 888-200-4074. For general plan-related questions, call the Benefits Service Center at 410-516-2000 or email benefits@jhu.edu.

Posted in Benefits+Perks

Tagged hr newswire