for 2008 $230,000
$250,000
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.
$250,000
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
Yes.as long as you do not contribute more than your annual limit.
The maximum annual contribution should be $17,500. Therefore you should be able to contribute $10,000 to your 401(k) plan without reaching your limit.
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.
maximum contribution, Annual Addition limit $46,000(annual addition contains both employee & employer contributions)... if you are above 50years, maximum contribution $51,000(if employee made catch-up)
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.
Your annual job compensation expectation should depend on a number of factors. It will depend on the job description as well as your skills and experience.
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.