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Contribution Limits for Employer-Sponsored Retirement Plans
A summary of annual contribution limits for 401(k), 403(b), SEP, SIMPLE, money purchase and profit-sharing retirement plans.
Certain limits may vary; check with your employer for the specifics of your plan. Please note that the information provided in the table is for the 2019 tax year.
401(k)
403(b)
SEP
SIMPLE IRA
Money Purchase
Profit-Sharing
Participant contribution
$19,000 – Salary deferrals into other qualified plans count toward the limit
$19,000
N/A
$13,000
N/A
N/A
Participant catch-up contribution1
Up to $6,000
$6,000
N/A
$3,000
N/A
N/A
Maximum contribution from employer & participant that employer can deduct
25% of total eligible payroll (payroll limited to $280,000 per participant)
Tax deduction is not an issue for tax-exempt organizations; however, contributions are generally subject to the same tax-deductible limits applicable to for-profit organizations
25% of employee’s pay (pay limited to $280,000 per participant) or $56,000, whichever is less
$26,0002 ($13,000 participant contribution + $13,000 employer match; employer match limited to 3% of compensation)
25% of total eligible payroll (payroll limited to $280,000 per participant)
25% of total eligible payroll (payroll limited to $280,000 per participant)
Maximum allocation from employer & participant to participant’s account
100% of participant’s total pay or $56,000, whichever is less; if age 50 or older, a catch-up contribution of up to $6,000 may be added
100% of participant’s pay or up to $56,000, whichever is less; if age 50 or older, a catch-up contribution of up to $6,000 may be added
25% of participant’s pay or $56,000 whichever is less
$26,0002; if age 50 or older, a catch-up contribution of up to $3,000 + $3,000 employer match may be added
100% of participant’s total pay or $56,000 whichever is less
100% of participant’s total pay or $56,000 whichever is less
1Catch-up contributions may be permitted in addition to annual contributions for individuals age 50 and over.
2Compensation of at least $433,333 is required for the $13,000 maximum match.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.