Table of 401k Contribution Limits

by Chris Butterworth on June 18, 2012

This table describes the 401(k) contribution limits in as simple of terms as possible.

2012

2013

2014

2015

2016

IF YOU'RE UNDER 50
401(k) Contribution Limits (Elective Deferrals)$17,000$17,500$17,500$18,000$18,000
Total Contribution Limits (The maximum that can be contributed to your 401(k) in one year including employer contributions, matching etc)
$50,000$51,000$52,000$53,000$53,000
IF YOU'RE 50+
401k Contribution Limits (Elective Deferrals)$17,000$17,500$17,500$18,000$18,000
Catch up contribution
(if over 50)
$5,500$5,500$5,500$6,000$6,000
Total 401k Contribution Limit (if over 50)$22,500$23,000$23,000$24,000$24,000
Total Contribution Limit
(The maximum that can be contributed to your 401(k) in one year including employer contributions and catch-up contributions)
$55,000$56,500$57,500$59,000$59,000
OTHER LIMITS:
Employee Compensation Limit (Maximum income that can be used for determining matching contributions)$250,000$255,000$260,000$265,000$265,000
Highly Compensated Employee Threshold (For plan discrimination testing)$115,000$115,000$115,000$120,000$120,000

Source: IRS 401(k) Resource Guide; IRS Cola Tables

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{ 5 comments… read them below or add one }

kathleen November 14, 2012 at 7:08 pm

Your catchup contribution amount for 2013 is incorrect. It should be $5,500. Your total is correct, however.

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Collin Galletly January 1, 2013 at 6:47 pm

Hi,
1. I work part-time and contribute to a 401k.
2. I am self-employed and contribute to a SEP.
Are these two contribution limits independent?
Thanks

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Johanna Heule January 28, 2013 at 5:23 pm

The information I received on the 401k changes for 2013 states that the catch-up contribution did not change and is still $5,500.00.

I believe this is a typo on your page

Reply

Chris Butterworth February 8, 2013 at 1:49 am

Thanks for catching this – it is now corrected.

Reply

Kathleen June 12, 2014 at 4:18 pm

What if I switch employers mid-year? Are the limits overall for both plans then? Thanks!

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