Retirement topics: 401(k) and profit-sharing plan contribution limits
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits
Two Annual Limits Apply to ContributionsDeferral Limits For 401(k) PlansDeferral Limits For A Simple 401(k) PlanPlan-Based Restrictions on Elective DeferralsCatch-Up Contributions For Those Age 50 and OverCatch-Ups For Participants in Plans of Unrelated EmployersTreatment of Excess DeferralsOverall Limit on ContributionsCompensation Limit For ContributionsAdditional Resources If permitted by the 401(k) plan, participants age 50 or over at the end of the calendar year can also make catch-up contributions. You may contribute additional elective salary deferrals of: 1. $7,500 in 2023 and 2024, $6,500 in 2022, 2021 and 2020 and $6,000 in 2019 - 2015 to traditional and safe harbor 401(k) plans 2. $3,500 in 2023 and 2024, $3,... Last updated: Apr 15, 2021
If permitted by the 401(k) plan, participants age 50 or over at the end of the calendar year can also make catch-up contributions. You may contribute additional elective salary deferrals of: 1. $7,500 in 2023 and 2024, $6,500 in 2022, 2021 and 2020 and $6,000 in 2019 - 2015 to traditional and safe harbor 401(k) plans 2. $3,500 in 2023 and 2024, $3,...
Last updated: Apr 15, 2021
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