What is the maximum anuual contribution for a 403(b) plan?


Quick Answer

For 2015, the maximum annual contribution to a 403(b) plan is $18,000 in elective salary deferrals, according to the IRS. If aged 50 or older, a catch-up contribution of up to $6,000 can be made beyond the limit of elective deferrals.

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Full Answer

The limit on annual additions, which is the combination of all employee elective salary deferrals and employer contributions to all 403(b) accounts, is generally the lesser of $53,000 for 2015 or 100 percent of includible compensation for the employee's most recent year of service. In addition, if a 403(b) plan allows it, a 15-years of service catch-up contribution is also available for employees who qualify.

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