Maximum amount I can contribute to 401k in 2009 | 401k Questions

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Asked 10/23/2009

Maximum amount I can contribute to 401k in 2009

Maximum amount I can contribute to 401k in 2009?

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Answer 1/2 - Submitted 10/24/2009

The limit on 401(k) contributions (elective deferrals) for both 2009 and 2010 is $16,500.
If you are over age 50, you can add up to $5,500 in elective deferrals.
Both numbers presume you have a high enough income to be allowed to defer this much.

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Answer 2/2 - Submitted 10/24/2009

Thank you for your help.

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