Retirement Topics - 401(k) and Profit-Sharing Plan Contribution Limits

Two annual limits apply to contributions:

Employee Elective Deferral limit for 401(k) plans 

The limit on employee elective deferrals (pre-tax and Roth) is:

A participant aggregates all elective deferrals (pre-tax and Roth) made to all plans during a calendar year. If a plan participant's elective deferrals are more than the annual limit, the participant should contact their current employer to correct this mistake.

Employee Elective Deferral limit for a SIMPLE 401(k) plan

The limit on employee elective deferrals to a SIMPLE 401(k) plan is:

Catch-up contributions for those age 50 and over

If a participant has attained age 50, the Employee Elective Deferral limit is increased by the following amounts:

A participant aggregates all catch-up elective deferrals (pre-tax and Roth) made to all plans during a calendar year. If a plan participant's catch-up elective deferrals are more than the annual limit, the participant should contact their current employer to correct this mistake.

The rules relating to catch-up contributions can be complex and a participant’s limits may differ according to provisions in the participant’s specific plan. A participant should refer to the plan’s summary plan description to verify the employee elective deferral contribution limits.

Overall limit on contributions

Total annual contributions (employer and employee contributions) to all of your accounts in plans maintained by one employer (and any related employer) are limited. The total annual contributions

Annual Compensation Limit

Additional resources:

Page Last Reviewed or Updated: June 2015
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