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This chart details out the These are the IRS approved annual maximum amounts you can contribute to your 401(k).
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| IRS 401(k)/Pension Plan Limits | 2016 limit | 2015 limit | 2014 limit |
|---|---|---|---|
| 401(k)/403(b) Employee Deferral Limit | $18,000 | $18,000 | $17,500 |
401(k)/403(b) Catch-up Contribution *available in excess of the employee deferral limit, for people age 50 and older | $6,000 | $6,000 | $5,500 |
| Defined Contribution Dollar Limit | $53,000 | $53,000 | $52,000 |
| Compensation Limit | $265,000 | $265,000 | $260,000 |
| Highly Compensated Employee Income Limit | $120,000 | $120,000 | $115.000 |
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