Qualified Pension Plan Contribution Limits

Contribution Limits for the 2016 Tax Year are as follows:

PlanContribution LimitCatch-Up
401(k)$18,000$24,000
403(b) (annuity)$18,000$24,000
408(k) SEP$18,000$24,000
408(p) (SIMPLE)$12,500$15,500
457$18,000$24,000

Contribution Limits for the 2015 Tax Year are as follows:

PlanContribution LimitCatch-Up
401(k)$18,000$24,000
403(b) (annuity)$18,000$24,000
408(k) SEP$18,000$24,000
408(p) (SIMPLE)$12,500$15,500
457$18,000$24,000

An employee may make "catch-up" contributions to his 401(k), 403(b), 408(k), 408(p), or 457 plan if he is eligible to make elective deferrals under the plan and will be 50 or over before the end of the calendar year. This optional provision must first be elected by the pension plan sponsor.

Traditional & Roth IRAs:

For 2016 and 2015, contributions to Roth and traditional IRAs are limited to $5,500; catch-up contributions are $6,500.