401k Maximum Contribution Limits
401k limits change every year
The 401k rules that determine your 401k maximum contribution limit the combined total maximum contribution that you can make each year to ALL 401k plans in which you participate, including standard 401k plans and Roth 401k plans is the lower of: (1) the maximum percentage contribution limit allowed under each of your employers' plans, or (2) the dollar limits shown below. For example, if your employer's 401k plan allows you to contribute up to a maximum of 10% of your salary, and you earn $50,000, your maximum contribution limit is $5,000, not the $16,500 contribution limit in 2010 that applies only to higher-paid employees.
The maximum contribution limit for all of your 401k plans can be increased each January 1st based on the cost-of-living increase during the prior year. The new limit will be announced by the IRS in mid-October.
|Maximum 401k Limits|
Catch-Up 401k Contribution Limits
If you are age 50 or older, you may also be eligible to make "catch-up 401k contributions" in addition to your regular 401k limits IF your employer allows them. (Unfortunately, your employer is not required to do so.) 401k catch-up contributions are limited each year to an additional
|Maximum Catch-Up Limits|
The maximum catch-up contribution limit for all of your 401k plans may also be increased each January 1st based on the cost-of-living increase during the prior year. The new catch-up contribution limit will also be announced by the IRS in mid-October.