The IRS Limits for 2021 Supplemental Retirement Account contributions will not increase in the upcoming year and will remain the same as they were in 2020. If you would like to change your contributions for the first paycheck in January, please see the information below. Details are outlined in the following memo.
2021 Supplemental Retirement Account (SRA) Limits
Employees under age 50: $19,500 is the 2021 IRS contribution maximum into a 401k and/or 403b. Employees can also contribute up to an additional $19,500 into a 457, for a combined maximum of $39,000 in 2021.
Employees age 50 or older can contribute an additional $6,500 per year.
Employees age 50 or older: $26,000 is the 2021 IRS contribution maximum into a 401k and/or a 403b. Employees can also contribute up to an additional $26,000 into a 457b, for a combined maximum of $52,000 in 2021.
Roth Plans are available from TIAA, Fidelity, and MSRP Nationwide. Please see the HR Website for a comparison chart and contribution limits.
To change your SRA contributions for the first paycheck in January (1/8/2021), SRA change forms must be submitted through DocuSign by 5:00 PM on Monday, December 21, 2020. SRA change forms, deadlines, and contribution limits are available on the HR Website under Benefits.
Thank you!
Human Resources