DB Plan 415 Limits

In a defined benefit plan, the annual benefit amount and potential lump sum payment to sole proprietors and partnership owners especially, may be limited by IRC Section 415. The table below approximates the annual applicable limits.

Valuation Date: 12/31/2019
Compensation Limit: 280,000
Benefit Limit: 225,000
Mortality: IRC 417(e) Lump Sum Table for 2019

ESTIMATED MAXIMUM FUNDING

Age Benefit Lump Sum
70 280,000 297,689
69 280,000 306,069
68 280,000 314,247
67 260,501 299,783
66 241,970 285,176
65 225,000 271,284
64 225,000 277,246
63 225,000 283,059
62 225,000 288,749
61 210,007 274,696
60 196,175 261,329
59 183,407 248,616
58 171,611 236,524
57 160,701 225,024
56 150,599 214,086
55 141,223 203,682
54 132,521 193,786
53 124,447 184,374
52 116,945 175,422
51 109,970 166,907
50 103,477 158,809
49 97,427 151,105
48 91,784 143,778
47 86,515 136,808
46 81,590 130,179
45 76,985 123,873
44 72,674 117,874
43 68,635 112,168
42 64,849 106,741
41 61,296 101,577
40 57,961 96,665
39 54,828 91,993
38 51,882 87,548
37 49,110 83,319
36 46,501 79,296
35 44,044 75,468
34 41,728 71,826
33 39,544 68,362
32 37,483 65,065
31 35,538 61,929
30 33,702 58,945
29 31,967 56,105
28 30,327 53,403
27 28,778 50,832
26 27,312 48,386