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The maximum amount of contributions a person can make to his or her 401(k) plan is set each year by the IRS. For the year 2016, people can contribute up to $18,000 as an elective salary deferral to a 401(k) plan.Additionally, if you are age 50 or older, you can contribute an additional catch-up contribution of $6,000.This 2016 contribution is the same limit as applies in 2015.or the year 2016, people can contribute up to $18,000 as an elective salary deferral to a 401(k) plan. Additionally, if you are age 50 or older, you can contribute an additional catch-up contribution of $6,000.
Summary Page This calculator is meant to help you determine the maximum elective salary deferral contribution you may make to your 403(b) plan for 2015.For help using the calculator, call Fidelity at 1-800-343-0860, Monday through Friday, 8 A.M. to midnight ET.ummary Page This calculator is meant to help you determine the maximum elective salary deferral contribution you may make to your 403(b) plan for 2015.