205k views
3 votes
What is the yearly contribution limit to a 401(k) for an individual?

1 Answer

2 votes
The correct answer is $18000.
Employees may contribute a maximum of $18,000 to their 401(k) plans with a higher total contribution limit of $54000. $54000 is the defined contribution maximum limit which includes the contribution of both the employee and employer.
User Jim Nilsson
by
4.9k points