2011 Contribution Limits
Annual Contribution Limits are as follows:
401(k)- $16,500
- Additional catch-up election for investors age 50 and older of $5,500
403(b)- $16,500
- Additional catch-up election for investors age 50 and older of $5,500
- Employees who have been with their employer for at least 15 years may defer an additional $3,000 per year for 5 years
457 Deferred Comp- $16,500
- Additional catch-up election for investors age 50 and older of $5,500
Traditional IRA- $5,000
- Additional catch-up election for investors age 50 and older of $1,000
ROTH IRA- $5,000
- Additional catch-up election for investors age 50 and older of $1,000
Simple IRA - $11,500
- Additional catch-up election for investors age 50 and older of $2,500
SEP IRA- Up to 25% of total eligible payroll (and not more than $49,000 per participant) and each eligible employee must receive the same percentage.
Coverdell Education Savings Account- $2,000
529 Plans - $13,000 or $26,000 if contributing with a spouse, contrubtions above those amounts may be subject to gift tax.
The information on this web site is deemed accurate but not guaranteed. There are many factors regarding eligibility. Please contact KEI Financial and/or your tax advisor for further information regarding contribution limits.
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