Thursday, October 28, 2010

2011 401(k) Caps

For everybody in a 401(k) Plan (or planning to get into one), the IRS has announced new deferral caps:

* The elective deferral (contribution) limit for employees who participate in section 401(k), 403(b), or 457(b) plans, and the federal government’s Thrift Savings Plan remains unchanged at $16,500.

* The catch-up contribution limit under those plans for those aged 50 and over remains unchanged at $5,500. ...

The above isn't too surprising, since inflation has not been a factor in the last year or two. But now everybody can make their deferral plans down to the dollar.


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