Retirement Savings

No Change to IRS 457 Limits for 2021 

November 2020 

Although the IRS has not changed the 457 Limits for 2021, now is a great time to review contributions to your Retirement Investors’ Club (RIC) plan. If you would like to make changes, complete and return a RIC Account Form at any time. 

Year Regular Limit Age 50+ Limit ** 3-Year Catch-Up Limit ***
  lesser of 100% of compensation* or: Regular limit + $6,500 for employees age 50+ Regular limit + missed contributions up to:
2021 $19,500 $26,000 $39,000
2020 $19,500 $26,000 $39,000

Please Note: The combined amount of all 457 pretax and post-tax Roth elective contributions in a tax year is limited to the IRS maximum contribution limits shown above.

New to RIC? Check out the great benefits and find out how to enroll by visiting the RIC website.