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What is the limit for elective deferrals?

April 26, 2017deferrals elective limit

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What is the limit for elective deferrals?

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The maximum exclusion for elective deferrals, which applies to 401(k) plans, 403(b) annuities, and SEP’s, is $16,500 in 2009 ($15,500 for 2008). Individuals over age 50 may make additional “catch-up” contributions of $5,500 ($5,000 in 2008). Other forms of retirement plans have separate limitations. Please contact us for additional information.