|
401k Contribution Limits
|
401k Contribution Limits
© Money-Talk.org
Allowable elective deferrals for 401k plans increased to $13,000 per year in 2004, up $1,000 from 2003's $12,000 limit. Current law governing 401k plans, the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), provides for growth of the annual limit to match cost-of-living increases. Specifically, the limitations were set to grow by $1,000 until 2006, when the contribution limit reached $15,000.
|
Calendar Year
|
Contributution Limit
|
| 2003 | $12,000 |
| 2004 | $13,000 |
| 2005 | $14,000 |
| 2006 | $15,000 |
| 2007 | $15,500 |
| 2008 | $15,500 |
| 2009 | $16,500 |
| 2010 | $16,500 |
| 2011 | $16,500 |
| 2012 | $17,000 |
| 2013 | $17,500 |
| 2014 | $17,500 |
| 2015 | $18,000 |
|
More details on 401k maximum contributions and related retirement plans, can be found at the Internal Revenue Service site.
401k Information |
401k Contribution Limits |
401k Catch-up Payments
401k Early Withdrawal Penalties |
401k Loans |
401k Rollover
|
|
|
|
|
