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Author: jbking Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75381  
Subject: Re: Max 401k contributions? Date: 7/10/2000 11:42 PM
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I suspect that what has happened is that you are now in the higher paid group of people(Those making $80,000/year or more) and that because of that you can only contribute 2% more than the those making under $80,000/year. This is part of a way to force those highly paid people from not abusing the advantages of a 401(k).

My tip: Find those in the lower bracket and get them to contribute more if you want to contribute more to your 401(k).

If you want a source here are all the gory details(This is called the ADP Test by the way): http://www.irs.gov/prod/bus_info/tax_pro/irm-part/part07/35951a.html#ss33

JB
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