2009 Savings Contribution Limits
Below are the 2009 401(k) Employee Benefit Plan Limitations as defined by the
IRS.
| |
If you are Under Age 50 |
If you are age 50 or Older* |
| Your Pre-Tax Contribution Limit |
Maximum of $16,500 |
Additional $5,500 in catch-up
contributions |
| Total Contributions Limit (combined total of your
Pre-tax, After-tax and Company Contributions) |
$49,000 |
$54,500 ($49,000 + $5,500 in catch-up contributions) |
*You must be at least 50 years old by the end of 2009 to be eligible to make
catch-up contributions.
Note: In 2009, the total annual amount of eligible compensation on which your
savings plan contributions may be based is $245,000.