Q:

Where can I find the 401k contribution limit?

A:

Quick Answer

Information on the contribution limit for a 401(k) plan can be found on the website of the Internal Revenue Service. The site provides limits for the current and previous year.

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Where can I find the 401k contribution limit?
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Full Answer

The IRS website provides withdrawal limits for both 401(k) plans and SIMPLE 401(k) plans, while advising on additional possible limitations for plan-based restrictions. Information on catch-up contributions available to people over 50 years old is given for both safe harbor 401(k) plans and SIMPLE 401(k) plans. The provided information covers both elective contributions and employer matching contributions, while also advising on excessive contributions. Basic details are also given for contribution limits based on an earner's total yearly compensation.

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