![](/sites/default/files/styles/banner/public/0636_21_Hero_1350x420_4.jpg.webp?itok=n_XOt4Wo)
Retirement plans have contribution limits. Learn about 401(k) retirement plan contribution limits to help shape your retirement savings plan and ensure that you are financially prepared come retirement. Below is a breakdown of important contribution limits that help you determine whether your savings are on track or have an opportunity to catch up. The annual contribution limit is a great goal to keep in mind. 2023 2022 2021 Employee Contribution Limit $22,500 $20,500 $19,500 Employee Catch-Up Contribution (For employees aged 50 and over) $7,500 $6,500 $6,500 Total Contribution Maximum for...