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That depends on the employer's plan provisions. Most match dollar for dollar up to a certain % (I have seen 2-6% from the employers I have worked with and for in the past). Check your employer's intranet site or call your benefits provider for details on your specific plan.
Wiki User
∙ 14y ago
Wiki User
∙ 13y agoFor the 2010 tax year, the combined maximum contribution you can make to all of the 401k plans that you participate (assuming you have more than one employer during the tax year) is the lower of: (1) the maximum percentage all of your plans allow, or (2) $16,500. For example if you participate in one plan and you will make $50,000 in 2010, and your maximum percentage your plan allows is 10%, your maximum allowed contribution is $5000, not the $16,500 limit higher-paid employees are allowed. However, if you have a second job with a 401k plan that allows you to contribute up to 15% of you salary, and you will make $100,000 in 2010, your combined contributions cannot exceed $16,500. Therefore, despite the fact that each employer's plan will allow you to contribute $5000 and $15,000 respectively, the IRS limits your combined contribution to $16,500. If you are age 50 or older, you may be eligible to make "catch-up 401k contributions" in addition to your regular contributions - IF your employer allows them. The maximum catch-up 401k contribution for 2010 is $5,500. This amount is the combined total of all catch-up contributions to all 401k plans, not to each plan.
Your employers' matching contributions are notcounted toward your 401k maximum limits. Even if you contribute the maximum allowed, your employers' matching amounts are in addition to these 401k limits.
Wiki User
∙ 13y agoIn 2010 it was $16,500.
In 2011 it will be $16,500.
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Does your employer's contribution count as part of the 401K maximum?
Yes
Does the 401K contribution limit for 2008 include employer matching contributions or is the limit only on employee contributions?
The contribution that is matched by an employer is not counted towards a 401k contribution limit. If someone contributes the maximum IRS allowed amount each year, still the employer's matching contribution would be in addition to that limit.
Can you ask a former employer how much an employee received in 401K matching or profit sharing or employer contribution?
a fatty
How much does the 401k contribution limits vary year to year?
A 401k contribution changes every year along with other taxes we have. It has to do mostly with the certain amount you can put in and the matched amount by the employer.
What is the maximum contribution I can contribute to a 401k?
The maximum amount that you can contribute to your 401K plan is 50% of your taxible wages. If your Employer has a "match" Program They Will Contribute a Mirrior 50% with yours
What is 401k Limits for contribution in 401k?
Contracom
What contribution amount is the maximum amount for a 401k?
The 2013 401K maximum contribution is $17,500. That makes two straight years of increases after three years of no increases from the IRS. If a person would like to max out a persons 401K in 2013, take $17,500 and divide it by a persons total salary from a persons employer.
How much money can be put in a 401k?
Although the amount you may contribute to your 401k varies by year, in 2012 one could contribute up to $17,000 to their 401k. Remember that one's employer may not match your contribution up to this amount.
Can you roll a previous employer's 401K into a new employers 401K?
Yes. You can roll a previous employer's 401k balance into a new employer's 401k. You can also roll a previous employer's 401k balance into an individual retirement account (IRA) if you wish to maintain control over the investments.
Can an employer make 401k contribution which is higher for employer than employee with the same salary?
dependaing upon the age of the participants, yes.. In a "cross-tested" or age-weighted plan, the contribution may be different for persons with the same compensation but different ages.
What happens to your 401K when you leave your employer?
You own your 401k so when you leave your employer you still own your 401k. You can either leave it where it is or you can move it to which ever company manages the 401k investments for your new employer. how do i git access to my 401k from this company so i can transfer or cash it in.
What is a 401K?
your retirement fund It is a type of defined contribution retirement plan offered by many employers. The employee decides how much he wishes to contribute, and the employer may or may not make a matching contribution.
