|2016 Retirement Plan Contribution Limits|
|Plan Type||Under Age 50||Over Age 50|
|401(k), 403(b), 457, Salary Reduction SEP||$18,000||$24,000|
|Employer-sponsored plans may have additional contribution limits. Not all employer plans allow the higher contributions amount for those aged 50 and older.
The IRA limitation caps a person's combined contributions to traditional and Roth IRAs for the year.