St. Olaf Annual Employer Contribution:
Employee Only
Employee + 1
Family
Employee + 1
Family
$1,000
$1,500
$2,000
$1,500
$2,000
IRS Annual Contribution Limits Less Employer Contributions:
Year
Employee Only
Employee + 1
Family
Employee Only
Employee + 1
Family
2020*
$2,550
$5,600
$5,100
$2,550
$5,600
$5,100
2021
$2,600
$5,700
$5,200
$2,600
$5,700
$5,200
*These amounts are calculated based upon having received two employer contributions in calendar year 2020 (January 1 and September 1).