Adjust Text Size

401(k), 403(b), and 457(b) Contribution Limits for 2009

Written by Nickel - 7 Comments

As a followup to my earlier article about Traditional and Roth IRA contribution limits, I wanted to point out that the contribution limits for 401(k), 403(b), and 457(b) accounts are changing for 2009. While the limit on elective deferrals remained steady at $15,500 from 2007 to 2008, it’s rising to $16,500 in 2009. Individuals that will be 50 or older by the end of 2009 can make an additional $5,500 in contributions (up from $5,000 in 2008), bringing their total to $22,000. On top of this, the aggregate limit (also referred to as the 415(c) limit), which applies to employee plus employer contributions, is increasing from $46,000 to $49,000.

Published on December 8th, 2008 - 7 Comments
Filed under: Retirement

About the author: is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!

Related articles...

» 401(k), 403(b), and 457(b) Contribution Limits for 2012
» 401(k), 403(b), and 457(b) Contribution Limits for 2011
» 401(k), 403(b), and 457(b) Contribution Limits for 2013
» 401(k) Limits to Decrease in 2010?
» 401(k), 403(b) and 457(b) Contribution Limits for 2008
» 401(k), 403(b), and 457(b) Contribution Limits for 2010
» Open Enrollment Time
» links for 2007-04-12

Was this article useful? Please sign up to receive our content via e-mail:

You will receive only the daily updates, and can unsubscribe at anytime.

7 Responses to “401(k), 403(b), and 457(b) Contribution Limits for 2009”

  1. 1
    Penny Pinching Mom Says:

    I just discovered your blog today and I really like it. I have a brand new online budget keeping system. If you want to check out my website, it’s http://www.simplymybudget.com

  2. 2
    Trevor Says:


    if hyperinflation hits, then the money they saved extra will be useless.

  3. 3
    AJ Says:

    I heard that there are income limitation on tax-benefits on IRA contributions. Do IRA contributions phase out from being tax deductible at higher salaries?

  4. 4
    Sue Says:

    I have been searching the IRS website to verify the 2009 limits. Publication 571 seems to only discuss annual elective limits through 2008 or did I miss it?? Where on the IRS website can I get the limits for 2009 for 403b?


  5. 5
    Patty Says:

    Just found out I owe $1500 to federal for taxes on 2008 income. May I make a deposit to my 403 now and reduce those taxes or is it too late?

  6. 6
    Jeanie Says:

    I understand the contribution limits of a 457 for 2009.
    However, how is it limited as a highly compensated employee? Thanks, Jeanie

  7. 7
    Curtis Chalmers Says:

    There is also a $3,000 life time catch up amount, bringing the potential contribution maximum to $25,000.

Leave a Reply

Because rates and offers from advertisers shown on this website change frequently, please visit referenced sites for current information. This website may be compensated by companies mentioned through advertising, affiliate programs or otherwise.
FiveCentNickel User Survey