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Yes, there is, but the amount is entirely dependent on the situation. It depends on the type of 401k plan you have - traditional, safe harbor, or simple - and it also fluctuates on a yearly basis. Both upper limits have increased from 2012 to 2013, and will also change based on cost-of-living adjustments. The amount cannot exceed either of the limits explained above, and it cannot exceed the "excess of your compensation over the elective deferrals that are not catch-up contributions". (I'm afraid I don't entirely understand this, so I'm directly quoting the resource guide from the IRS.)

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