The employee retirement contributions will remain unchanged going into 2021 from 2020. Here is the lowdown on the contributions:
401k, 403B and 457 remain at $19,500. The catch up for employees 50 years and over will be $6500.00.
Simple IRA remains at $13,500.00.
IRA remains at $6,000.00 with a catch up of $1,000.00 for those employees 50 years and over.
