$5,500 per person
Similarly, what was the maximum 401k contribution for 2016?
$18,000
Just so, what is the compensation limit for retirement plan? Annual Retirement Plan Limits
2021 | 2019 | |
---|---|---|
Annual Compensation Limit | 290,000 | 280,000 |
Defined Benefit 415 Limit | 230,000 | 225,000 |
Defined Contribution 415 Limit | 58,000 | 56,000 |
Dollar Limit for HCEs | 130,000 | 125,000 |
Likewise, what is the maximum 401k contribution for 2021?
$19,500
How much can a 50 year old contribute to an IRA?
How much can I contribute to an IRA? The annual contribution limit for 2019, 2020, and 2021 is $6,000, or $7,000 if you’re age 50 or older. The annual contribution limit for 2015, 2016, 2017 and 2018 is $5,500, or $6,500 if you’re age 50 or older.
What was the maximum 401k contribution for 2014?
$17,500