Each year the IRS updates the amount of money individuals may save for retirement into 401(k) and IRA plans.
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Maximum employee elective contribution (age 49 and younger)
Maximum employee elective contribution (age 50 and older)
Maximum employee elective deferral plus catch-up contribution (age 50 or older)
Defined contribution maximum limit, employee + employer (age 49 or younger)
Defined contribution maximum limit (age 50 or older), all sources + catch-up
Highly compensated employees’ threshold for nondiscrimination testing
Key employee officer compensation threshold
Annual compensation limit for HCEs and key employees
Please refer to Important Information for details.