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Author: FoolishProf One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76396  
Subject: Re: 401k Contribution Limit Date: 7/9/1998 11:29 AM
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<I was wondering if anyone knows where a schedule of planned increses in the maximum 401k
contribution is listed. Does such a thing exist or is it determined by the government each year based
on actual inflation experience for that year?>

I am not in a 401K but am into 403B. This limit was raised to $10k also. Another limit that was raised is the limit on salary reduction payments if you are on a "catch up" plan. Are you aware of this? If you haven't contributed maximum to the 403B in prior years, you may contribute $13k (new limit) annually until you have "caught up" on $15k of slack in your prior years' contributions. This annual amount was changed from $10.5k to $13k in the last round. I do not know if these same provisions and limits apply to the 401K program as well.

Where's Pixy when we need him????? :})

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