Qualified Plan Limits

The federal government annually publishes updated limitations, which impact the contributions, benefit accruals, and compliance of qualified retirement plans. The below tables summarize the most significant changes in recent history.

Age401(k) only401(k) with Profit SharingCash BalanceTotal
70$24,000$59,000$303,000$362,000
69$24,000$59,000$290,000$349,000
68$24,000$59,000$278,000$337,000
67$24,000$59,000$267,000$326,000
66$24,000$59,000$255,000$314,000
65$24,000$59,000$245,000$304,000
64$24,000$59,000$250,000$309,000
63$24,000$59,000$256,000$315,000
62$24,000$59,000$262,000$321,000
61$24,000$59,000$248,000$307,000
60$24,000$59,000$235,000$294,000
59$24,000$59,000$223,000$282,000
58$24,000$59,000$211,000$270,000
57$24,000$59,000$200,000$259,000
56$24,000$59,000$190,000$249,000
55$24,000$59,000$180,000$239,000
54$24,000$59,000$170,000$229,000
53$24,000$59,000$161,000$220,000
52$24,000$59,000$153,000$212,000
51$24,000$59,000$145,000$204,000
50$24,000$59,000$137,000$196,000
49$18,000$53,000$130,000$183,000
48$18,000$53,000$123,000$176,000
47$18,000$53,000$117,000$170,000
46$18,000$53,000$111,000$164,000
45$18,000$53,000$105,000$158,000
44$18,000$53,000$100,000$153,000
43$18,000$53,000$94,000$147,000
42$18,000$53,000$89,000$142,000
41$18,000$53,000$85,000$138,000
40$18,000$53,000$80,000$133,000
39$18,000$53,000$76,000$129,000
38$18,000$53,000$72,000$125,000
37$18,000$53,000$68,000$121,000
36$18,000$53,000$65,000$118,000
35$18,000$53,000$61,000$114,000
34$18,000$53,000$58,000$111,000
33$18,000$53,000$55,000$108,000
32$18,000$53,000$52,000$105,000
31$18,000$53,000$49,000$102,000
30$18,000$53,000$47,000$100,000

IRS Announces 2016 Pension Plan Limitations; Taxpayers May Contribute up to $18,000 to their 401(k) plans in 2016