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: 12/31/2020
Compensation Limit: 285,000
Benefit Limit: 230,000
Mortality: IRC 417(e) Lump Sum Table for 2020

ESTIMATED MAXIMUM FUNDING

Age Benefit Lump Sum
70 285,000 302,853
69 285,000 311,350
68 285,000 319,641
67 266,246 306,160
66 247,328 291,244
65 230,000 277,057
64 230,000 283,127
63 230,000 289,047
62 230,000 294,846
61 214,680 280,496
60 200,544 266,848
59 187,493 253,867
58 175,435 241,521
57 164,281 229,778
56 153,952 218,609
55 144,365 207,986
54 135,467 197,881
53 127,210 188,271
52 119,541 179,130
51 112,408 170,435
50 105,771 162,165
49 99,585 154,299
48 93,816 146,817
47 88,429 139,701
46 83,396 132,931
45 78,688 126,492
44 74,281 120,367
43 70,153 114,540
42 66,283 108,998
41 62,652 103,725
40 59,243 98,710
39 56,040 93,938
38 53,029 89,399
37 50,196 85,081
36 47,529 80,973
35 45,018 77,064
34 42,650 73,346
33 40,418 69,808
32 38,312 66,442
31 36,323 63,239
30 34,446 60,192
29 32,672 57,292
28 30,996 54,533
27 29,412 51,908
26 27,914 49,410