Benefit Connections    401(K) Savings
IRS 401(k) Annual Benefit Limits
The IRS limits the amount that can be contributed to a 401(k) savings plan in any given year.

Below are the 2019 401(k) Employee Benefit Plan Limitations as defined by the IRS.

  If you are under age 50 If you are age 50 or older*
Your Pre-Tax Contribution Limit Maximum of $19,000 Additional $6,000 in catch-up contributions
Total Contributions Limit (combined total of your Pre-tax, After-tax and Company Contributions) $56,000 $62,000 ($56,000 + $6,000 in catch-up contributions)

*You must be at least 50 years old by the end of 2019 to be eligible to make catch-up contributions.

Note: In 2019, the total annual amount of eligible compensation on which your savings plan contributions may be based is $280,000.