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Author: tennisonerik Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19218  
Subject: 401k Contributions Date: 4/24/2001 3:38 PM
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Hi Everyone,

I'm slightly confused here. I read the recent article on the Fool's main page regarding contributions to your 401k. Now, if I'm not mistaken, the IRS allows the max contribution to be $10,500 or 25% whichever is less.
Through my company's 401k plan (which is Fidelity) I am only allowed to contribute 16% of my salary but with my calculation (according to the IRS statement) I should be allowed to contribute more than the 16% currently to make that $10,500 limit.
If anyone has any ideas, please do post them, I really would appreciate your comments.
Thank you in advance.
Regards,
Erik
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