The IRS updates the annual contribution limits each year. Please visit the IRS for more specifics.
As of January 1, 2026, the annual limits are:
- Employee Elective Deferral Limit (a.k.a. 402(g) limit): $24,500
- Age 50-59 or 64+ Employee Catch-Up contribution limit: $8,000
- Age 60-63 Employee Catch-Up contribution limit: $11,250
- Employee Elective deferral plus catch-up limit (age 50-59 or 64+): $32,500
- Employee Elective deferral plus catch-up limit (age 60-63): $35,750
- 415(c) defined contribution maximum (employer + employee under age 50): $72,000
- 415(c) defined contribution maximum (employer + employee age 50-59 or 64+): $80,000
- 415(c) defined contribution maximum (employer + employee age 60-63): $83,250
REMEMBER: Elective Deferrals must not exceed 100% of the employee's taxable income.
Clergy Housing Allowance (CHA) dollars are already a non-taxable benefit and cannot simultaneously be deferred as Elective contributions.