Contribution Limits
| Year | 2015 | 2016 |
| Maximum annual IRA contribution (under age 50) | $5,500 | $5,500 |
| Maximum annual IRA contribution (age 50 or over) | $6,500 | $6,500 |
| Maximum annual 401(k), 403(b), or 457 salary-deferral limit (under age 50) | $18,000 | $18,000 |
| Maximum annual 401(k), 403(b), or 457 salary-deferral limit (age 50 or over)* | $24,000 | $24,000 |
| Maximum annual additions limit under defined contribution plan | $53,000 | $53,000 |
| Maximum includible compensation for computing contributions | $265,000 | $265,000 |
| Maximum SIMPLE salary-deferral limit (under age 50) | $12,500 | $12,500 |
| Maximum SIMPLE salary-deferral limit (age 50 or over) | $15,500 | $15,500 |
| Minimum annual compensation for determining a "highly compensated" employee (used in 401(k) nondiscrimination tests) | $120,000 | $120,000 |
| Minimum annual compensation amount for SEP participation | $600 | $600 |
* Only 457(b) plans of state and local governments may allow catch-up contributions for participants who are aged 50 or older. Some plans also allow Special 457(b) catch-up contributions. Refer to your plan details for further information.
