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These are the IRS approved annual maximum amounts you can contribute into your Principal Retirement account.
Any employer contributions that Reliant contributes directly from the account you are responsible for should not be included when determining the maximum amount you can contribute.
| IRS 403(b)(9) Pension Plan Limits | 2024 Limit | 2023 Limit | 2022 Limit | 2020/2021 Limit |
|---|---|---|---|---|
| 403(b)(9) Employee Deferral Limit | $23,000 | $22,500 | $20,500 | $19,500 |
403(b)(9 Catch-up Contribution *Available for people age 50 and older in excess of the employee deferral limit | $7,500 | $7,500 | $6,500 | $6,500 |
| IRS 401(k)/Pension Plan Limits | 2015 limit | 2014 limit |
|---|---|---|
| 401(k)/403(b) Employee Deferral Limit | $18,000 | $17,500 |
| 401(k)/403(b) Catch-up Contribution | $6,000 | $5,500 |
| Defined Contribution Dollar Limit | $53,000 | $52,000 |
| Compensation Limit | $265,000 | $260,000 |
| Highly Compensated Employee Income Limit | $120,000 | $115.000 |
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