IRS Limits

The IRS puts limits on how much can be saved to employer-sponsored 401(k) plans.

The 2022 limits are as follows:

  • Your pre-tax and Roth 401(k) contributions: $20,500
  • Catch-up contributions (if age 50 or older in 2021): $6,500
  • Total annual contributions (from Rockwell and you): $61,000
  • Maximum eligible compensation (maximum amount of compensation eligible for contributions to the plan): $305,000.