What are the contribution limits for 401k in 2016?
In 2016, contribution (elective deferral) limit for employees, participates 401 (k) plan, is the same with limit of 2015.
The limit of the federal government’s Thrift Savings Plan remains unchanged at $18,000 for 2016.
401k plan contribution limits for 2016
| 401k Plan Limits for Year | 2016 | 2015 | 2014 |
|---|---|---|---|
| 401k Elective Deferrals | $18,000 | $18,000 | $17,500 |
| Annual Defined Contribution Limit | $53,000 | $53,000 | $52,000 |
| Annual Compensation Limit | $265,000 | $265,000 | $260,000 |
| Catch-Up Contribution Limit | $6,000 | $6,000 | $5,500 |
| Highly Compensated Employees | $120,000 | $120,000 | $115,000 |
