Annual Contribution Limits

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

  • Learn how much you can save this year
  • Maximize your retirement plan contributions
  • Incentivize your team to save for their future
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This Year's Contribution Limits

Maximum employee elective contribution (age 49 and younger)

$23,000

Maximum employee elective contribution (age 50 and older)

Additional $7,500

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

$30,500

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

$69,000

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

$76,500

Highly compensated employees’ threshold for nondiscrimination testing

$155,000

Key employee officer compensation threshold

$220,000

Annual compensation limit for HCEs and key employees

$345,000

 

Please refer to Important Information for details.

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© 2024 Ubiquity Retirement + Savings
44 Montgomery Street, Suite 300
San Francisco, CA 94104

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Talk to Sales
Schedule a Free Consultation

Contact Support
Visit our Help Center
support@myubiquity.com
Monday–Friday
6am–5pm PT / 9am–8pm ET

© 2024 Ubiquity Retirement + Savings
44 Montgomery Street, Suite 300
San Francisco, CA 94104