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Does anybody know how the limit works on the percentage you can contribute into your 401k? My company allows me to put up to 7% of my pay into the plan and they match 100% of whatever I put in. But, I have heard from different sources that the law says, if you are in a corporation, you can put up to 15% in the plan even if the company only matches up to a certain percent, such as 7% as with my company.

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