In the table below, we show the maximum cash balance plan contributions. Amounts noted for 401(k) and profit sharing might be limited as a result of IRS combination rules.
The cash balance plan contributions are estimates. Actual amounts will vary based on actuary review and specific client situation.
Age | 401(k) deferral | 401(k) & Profit Sharing (1) | Cash Balance (2) | Total |
70 | $27,000 | $67,500 | $364,000 | $431,500 |
69 | $27,000 | $67,500 | $349,000 | $416,500 |
68 | $27,000 | $67,500 | $334,000 | $401,500 |
67 | $27,000 | $67,500 | $320,000 | $387,500 |
66 | $27,000 | $67,500 | $306,000 | $373,500 |
65 | $27,000 | $67,500 | $293,000 | $360,500 |
64 | $27,000 | $67,500 | $301,000 | $368,500 |
63 | $27,000 | $67,500 | $306,000 | $373,500 |
62 | $27,000 | $67,500 | $313,000 | $380,500 |
61 | $27,000 | $67,500 | $297,000 | $364,500 |
60 | $27,000 | $67,500 | $283,000 | $350,500 |
59 | $27,000 | $67,500 | $270,000 | $337,500 |
58 | $27,000 | $67,500 | $256,000 | $323,500 |
57 | $27,000 | $67,500 | $243,000 | $310,500 |
56 | $27,000 | $67,500 | $231,000 | $298,500 |
55 | $27,000 | $67,500 | $220,000 | $287,500 |
54 | $27,000 | $67,500 | $210,000 | $276,500 |
53 | $27,000 | $67,500 | $200,000 | $267,500 |
52 | $27,000 | $67,500 | $190,000 | $257,500 |
51 | $27,000 | $67,500 | $180,000 | $247,500 |
50 | $27,000 | $67,500 | $171,000 | $238,500 |
49 | $20,500 | $61,000 | $162,000 | $223,000 |
48 | $20,500 | $61,000 | $154,000 | $215,000 |
47 | $20,500 | $61,000 | $147,000 | $208,000 |
46 | $20,500 | $61,000 | $140,000 | $201,000 |
45 | $20,500 | $61,000 | $133,000 | $194,000 |
44 | $20,500 | $61,000 | $126,000 | $187,000 |
43 | $20,500 | $61,000 | $120,000 | $181,000 |
42 | $20,500 | $61,000 | $114,000 | $175,000 |
41 | $20,500 | $61,000 | $108,000 | $169,000 |
40 | $20,500 | $61,000 | $103,000 | $164,000 |
39 | $20,500 | $61,000 | $98,000 | $159,000 |
38 | $20,500 | $61,000 | $93,000 | $154,000 |
37 | $20,500 | $61,000 | $88,000 | $149,000 |
36 | $20,500 | $61,000 | $84,000 | $145,000 |
35 | $20,500 | $61,000 | $80,000 | $141,000 |
34 | $20,500 | $61,000 | $76,000 | $137,000 |
33 | $20,500 | $61,000 | $72,000 | $133,000 |
32 | $20,500 | $61,000 | $68,000 | $129,000 |
31 | $20,500 | $61,000 | $65,000 | $126,000 |
30 | $20,500 | $61,000 | $62,000 | $123,000 |
(1) The maximum contribution limits for the 401(k) profit sharing plan may be limited as a result of IRS plan combination rules. For plans that are not covered by the PBGC, employer contributions to a 401(k) and profit sharing plan may be reduced to the IRS limit of 6% of eligible compensation.
(2) Maximum cash balance plan contributions are based on IRS limits. Actual contributions can be lower depending on the client’s situation, IRS limitations and actuary review.