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: 12/31/2021
Compensation Limit: 290,000
Benefit Limit: 230,000
Mortality: IRC 417(e) Lump Sum Table for 2021

ESTIMATED MAXIMUM FUNDING

Age Benefit Lump Sum
70 290,000 307,826
69 290,000 316,507
68 287,019 321,632
67 266,274 305,958
66 247,338 291,050
65 230,000 276,872
64 230,000 282,942
63 230,000 288,859
62 230,000 294,653
61 214,681 280,312
60 200,545 266,672
59 187,494 253,700
58 175,435 241,361
57 164,280 229,626
56 153,949 218,464
55 144,361 207,847
54 135,462 197,750
53 127,204 188,146
52 119,534 179,010
51 112,401 170,322
50 105,764 162,057
49 99,579 154,196
48 93,810 146,719
47 88,424 139,607
46 83,391 132,842
45 78,684 126,407
44 74,278 120,286
43 70,151 114,464
42 66,281 108,925
41 62,651 103,656
40 59,243 98,644
39 56,040 93,876
38 53,030 89,339
37 50,197 85,024
36 47,531 80,919
35 45,019 77,013
34 42,652 73,297
33 40,420 69,761
32 38,314 66,398
31 36,325 63,197
30 34,448 60,152
29 32,674 57,254
28 30,997 54,497
27 29,413 51,873
26 27,914 49,377