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Are the maximum contribution and catch up contribution limits for 401k plans increasing for employees in 2008?

April 26, 2017catch contribution employees limits maximum plans

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Are the maximum contribution and catch up contribution limits for 401k plans increasing for employees in 2008?

1 Answer

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No, the basic elective deferral limitation for 401k plans and the catch up contribution limit for persons aged 50 and older are not increasing in calendar year 2008. The limits from 2008, $15,500 and $5,000 respectively, are being carried over to 2008.