$18,000
In respect to this, what is the 401k limit before tax limit contribution for the year 2016?
401(k) contribution limits for employees remains at $18,000 per year for 2016. Employees 50 years or older can make an additional catch-up contribution of $6,000 per year. The overall contribution limit for 401(k) plans, including employer contributions, is $53,000 for those under 50 and $59,000 for those 50 and older.
Similarly, what is the maximum 401k contribution for 2015?
$18,000
Secondly, what was the maximum 401k contribution for 2017?
$18,000
What is the catch-up rate for 2016?
$5,500
What is the highly compensated limit for 2016?
IRS Announces Indexed Limits for 2016
| Item | IRC Reference | 2016 Limit |
|---|---|---|
| Defined Contribution Dollar Limit | 415(c)(1)(A) | $53,000 |
| Defined Benefit Dollar Limit | 415(b)(1)(A) | $210,000 |
| Compensation Limit3 | 401(a)(17); 404(l) | $265,000 |
| Highly Compensated Employee Income Limit4 | 414(q)(1)(B) | $120,000 |