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Author: MadCapitalist Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75378  
Subject: Re: Question on 401(k) contribution limits Date: 11/26/2003 6:28 AM
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Also, if the limits are for both 401(k) plans combined, am correct in assuming that I am responsible of making sure that I don't go over the $13,000 limit (for tax purposes)?

I don't know who is technically responsible, but tell your next employer how much you have already contributed for the year, and they should be able to make sure that you don't go over.

I used to do payroll for a small company using ADP, and ADP's software allows you to enter contributions made from a previous job so that the software would automatically limit the contributions for the year to the correct amount.

Other payroll systems are probably similar.
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