2009 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)
Coverdell Education Savings Account- $2,000
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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