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How much can I contribute to a 401(k) retirement savings plan?

April 26, 2017contribute k Plan retirement savings

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How much can I contribute to a 401(k) retirement savings plan?

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When you join the company’s retirement savings plan, you are given a choice of how much you want to contribute, generally a percentage of your gross salary (up to $12,000 per year; $14,000 per year if you are over age 50). The Plan also provides a matching contribution made on your behalf by your employer, to help your savings grow even faster.