Tax Advantage Accounts
Life Events FAQs
Defined Benefit Plans
Residents of Wisconsin
The Internal Revenue Code has limits for qualified 401(k) plans on contributions and compensation used to determine employer contributions.
$18,000 - Combined employee pre-tax and after-tax Roth 401(k) contributions
$6,000 - Employee catch-up contribution limit if age 50 or older anytime during 2017
$54,000 - Total employee plus employer contributions to 401(k) accounts including (does not include any applicable catch-up contributions):
Roth 401(k) after-tax contributions
Traditional after-tax contributions
$270,000 – Compensation used to determine maximum employer match and maximum employer contribution (for those who first became a plan participant after December 31, 1995)
$400,000 – Compensation used to determine maximum employer match and maximum employer contribution (for those who first became a plan participant before January 1, 1996)
You may make any changes to your contributions, either pre-tax, Roth after-tax or traditional after-tax, through
mylife.jhrps.com or 1-800-294-3575. Please see the
Contribution Rate Change Deadline Schedule for each pay check in 2017.