<<The $10K is the absolute dollar maximum that comes out of your gross pay and does not include any money your employer may contribute to the 401k plan. The overall percentage limit of 25% means that some folks may not be able to reach the $10K.>>

While we're on this topic, can you tell us the limits for a 403(b), and are there any differences between what I can do with 401(k) and 403(b) money when I leave my employer? I plan to roll everything from my 403(b) into a self-directed IRA when I move on, if the rules are the same as for a 401(k).

Thanks for the help and the good advice.

- Roger