A. For 401k plans, there are two kinds of contributions - employee contribution and employer match contribution, each follow different contribution limits.
- For 2015, an employee's annual maximum contribution is $18,000.
- Employer's maximum contribution is $35,000.
- Combined, a plan's total maximum contribution $53,000.
- For an employee who is above 50 years old, there is an additional contribution limit of $6,000.