Annual Contribution Limits

Each year the IRS updates the amount of money individuals may save for retirement into 401(k) and IRA plans.

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This Year's Contribution Limits

Maximum employee elective contribution (age 49 and younger)

$22,500

Maximum employee elective contribution (age 50 and older)

Additional $7,500

Maximum employee elective deferral plus catch-up contribution (age 50 or older)

$30,000

Defined contribution maximum limit, employee + employer (age 49 or younger)

$66,000

Defined contribution maximum limit (age 50 or older), all sources + catch-up

$73,500

Highly compensated employees’ threshold for nondiscrimination testing

$150,000

Key employee officer compensation threshold

$215,000

Annual compensation limit for HCEs and key employees

$330,000

Please refer to Important Information for details.