Contribution Limits in Peach State Reserves
January, 2021

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The Internal Revenue Service (IRS) maximum contribution limits in 401(k) and 457 plans for 2021 will remain the same as for 2020.

Contribution limits for 2021 are:

  • Under Age 50: $19,500
  • Over Age 50: $26,000

You can contribute the maximum amount to both a 401(k) and 457 account.

Even if you can’t contribute to the maximum amount, this is a great reminder to save as much as you can for your retirement.

Open a retirement savings account or increase your contributions today! 

Peach State Reserves (PSR) participants, or those eligible for a PSR account, can increase contributions or open a 401(k) or 457 at GaBreeze.

Your future self will thank you!