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Author: MiteEMouse Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Re: 401(k) limit increases Date: 7/22/2001 11:21 PM
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aleccese writes:

With the new tax law everyone has been talking about the dollar increases in the employee contribution limit ($11,000 next year and then gradually increasing to $15,000 by 2006).

In the past there were other "limits" imposed such as the fact that the employee and company contribution could not exceed 25% of your pay and also could not exceed $30,000 per year.

I heard that there were other changes included with the new tax law which increase these limits to 100% and $40,000 starting next year.

*****************************************************************

This is correct. For details, see for example either

http://www.universalpensions.com/alert/Alert05302001.asp or

http://www.tagdata.com/

Mite E. Mouse


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