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

This Year's Contribution Limits

Maximum employee elective contribution (age 49 and younger)


Maximum employee elective contribution (age 50 and older)

Additional $7,500

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