401k Contribution Limits 2011




401k Contribution Limits 2011

New 401k Contribution Limits 2008 2009 2010 2011 2012

There is a limit on the amount of elective deferrals that you can contribute to your traditional or safe harbor 401(k) plan.

The limit is $16,500 for 2010 and 2011. The limit is subject to cost-of-living increases after 2011. Generally, all elective deferrals that you make to all plans in which you participate must be considered to determine if the dollar limits are exceeded.

Limits on the amount of elective deferrals that you can contribute to a SIMPLE 401(k) plan are different from those in a traditional or safe harbor 401(k).

401k Contribution Limits 2011

The limit is $11,500 for 2010 and 2011. The limit is subject to cost-of-living increases after 2011. Although, general rules for 401(k) plans provide for the dollar limit described above, that does not mean that you are entitled to defer that amount. Other limitations may come into play that would limit your elective deferrals to a lesser amount. For example, your plan document may provide a lower limit or the plan may need to further limit your elective deferrals in order to meet nondiscrimination requirements.

401k Contribution Limits 2011 - Catch-up contributions

Catch-up contributions. A plan may permit participants who are age 50 or over at the end of the calendar year to make additional elective deferral contributions. These additional contributions (commonly referred to as catch-up contributions) are not subject to the general limits that apply to 401(k) plans. An employer is not required to provide for catch-up contributions in any of its plans. However, if your plan does allow catch-up contributions, it must allow all eligible participants to make the same election with respect to catch-up contributions.






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401k Contribution Limits 2011




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