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How much can an eligible employee contribute to the 401(k) Plan?

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How much can an eligible employee contribute to the 401(k) Plan?

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Each eligible employee elects to have an amount of his compensation contributed to the plan. Under most 401(k) plans, employees can defer an annual pre-tax limit of $16,500.00 Note: There are some Sections of the IRC that may further reduce the amount an eligible employee may contribute to the plan.

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