Contribution Limits

The following table summarizes contribution limits for individual investors.1 For more information, visit IRS.gov.

CategoryPlan TypeDollar Limit for:20152016
IRA Traditional IRA; Roth IRA Contribution maximum $5,500 $5,500
Traditional IRA; Roth IRA Age 50+ catch-up $1,000 $1,000
Employer-Sponsored IRA SEP IRA Contribution maximum $53,000 $53,000
SAR-SEP Deferral limit $18,000 $18,000
SAR-SEP Age 50+ catch-up $5,500 $5,500
SIMPLE IRA Deferral limit $12,500 $12,500
SIMPLE IRA Age 50+ catch-up $3,000 $3,000
Employer-Sponsored Plan 401(k); 403(b); 457 Deferral limit $18,000 $18,000
401(k); 403(b); 457 Age 50+ catch-up2 $6,000 $6,000
Defined Benefit Defined Benefit $210,000 $210,000
Profit Sharing; Money Purchase; 401(k); 403(b); 457; Defined Benefit Maximum compensation for plan purposes $265,000 $265,000
Profit Sharing; Money Purchase; 401(k); 403(b); 457; Defined Benefit Meeting definition of highly compensated $120,000 $120,000
Profit Sharing; Money Purchase; 401(k); 403(b); 457; Defined Benefit Meeting definition of key employee $170,000 $170,000
Profit Sharing; Money Purchase; 401(k); 403(b); 457; Defined Benefit Taxable wage base (SSI) $118,500 $118,500
Profit Sharing; Money Purchase; 401(k); 403(b); 457 Annual additions limit (415 limit) $53,000 $53,000

Contribution Limits