Current Contribution to Employer-Sponsored Plan
Enter the amount YOU contribute to your employer-sponsored plan. Choose either the percent of your gross salary contribution or your per pay dollar contribution.
Do NOT include any employer match or your spouse/partner's employer-sponsored plan contributions. The maximum elective deferral amount is $19,500 in
2020 for 401(k), 403(b) and 457 plans. Elective deferrals into both 401(k) and 403(b) plans during the calendar year are subject to aggregation.
If you are expected to reach age 50 or older during the calendar year and make the maximum elective deferral amount, you may make an additional 'catch-up'
contribution of up to $6,500 for 2020. These limits are subject to cost-of-living increases after 2020.