- $20,500 – Employee contribution limit . $1,000 higher compared to 2020.
- $6,500 – Employee catch-up contributions for those age 50 and over. Same as last year.
- $61,000 – Overall limit on contributions: Sum of employee contribution, employer match contribution and employee after-tax contributions (aka “mega back door Roth”)
Check out the IRS website here for my details, including higher limits for those age 50 and over.