$250,000
for 2008 $230,000
The annual compensation limit for 2010 401k's is $245,000.This generally means that match amounts may be limited to the match rate multiplied times the compensation limit.Contribution limits for 2010 are set at $16,500. However, contribution limits for individuals 50-years old and older get an extra $5,500 catch-up contribution to defer.
The 2009 Annual Compensation limit is $245,000 Compensation Limit to be defined an HCE (Highly Compensated Employee) $110,000 Edit: I believe this is what you are looking for other limits for 2009: Maximum Pre-Tax Contribution $16,500 Maximum Catch Up Contributions for age 50 and older $5,500
There is one main difference between a 401k and a Roth IRA. The maximum contribution limit for a 401k is about three times that of an IRA.
You will never be able to withdraw the deferred compensation amounts from the 401K with out having to pay the federal and state income taxes that will be due when you take any distribution amounts from your 401K plan.
for 2008 $230,000
The annual compensation limit for 2010 401k's is $245,000.This generally means that match amounts may be limited to the match rate multiplied times the compensation limit.Contribution limits for 2010 are set at $16,500. However, contribution limits for individuals 50-years old and older get an extra $5,500 catch-up contribution to defer.
The 2009 Annual Compensation limit is $245,000 Compensation Limit to be defined an HCE (Highly Compensated Employee) $110,000 Edit: I believe this is what you are looking for other limits for 2009: Maximum Pre-Tax Contribution $16,500 Maximum Catch Up Contributions for age 50 and older $5,500
A 401k contribution limit is the maximum amount a person can contribute towards their plan each year. This limit is set by the IRS and this amount can change year on year.
There is one main difference between a 401k and a Roth IRA. The maximum contribution limit for a 401k is about three times that of an IRA.
You will never be able to withdraw the deferred compensation amounts from the 401K with out having to pay the federal and state income taxes that will be due when you take any distribution amounts from your 401K plan.
A compensation plan is a form of deferred compensation, which is income paid to an employee at a specified date after it was earned. Examples include pension plans, 401k retirement accounts, and stock options.
401k is a pension plan in USA which is tax identified. The name is taken after subsection 401k of internal revenue code. Each year there is a contribution limit.
Maximum 401k contribution over 50 includes both the general contribution limit and the catch-up contribution, which has increased for . Maximum 401k contribution over 50 includes both the general contribution limit and the catch-up contribution, which has increased for .
No, there is no time limit to roll over your 401k. You don't have to roll it over at all. If it's working good for you, sometimes it's best to leave it and start a new 401k.
It is $17,000 if you are younger than 50 years of age. There is a catch up limit of $5,500 if you are 50 years of age and older. Those 50 and over can contribute a total of $22,500 annually for 2012.
The contribution that is matched by an employer is not counted towards a 401k contribution limit. If someone contributes the maximum IRS allowed amount each year, still the employer's matching contribution would be in addition to that limit.