Contribution Limits

The contribution limit for defined contribution plans (401K) is $23,000 for the year. An additional $23,000 may be saved in non-qualified accounts (457, deferred compensation). Each individual may contribute $7,000 to an IRA or Roth IRA. The contribution can be split however you like, for example, with $3,500 going to traditional and $3,500 going to Roth.

Retirement & 401k