Maximum 401(k) contributions to stay the same in 2011, IRS says

10/28/2010 | Business Insurance (tiered subscription model)

The largest annual contribution that employees can make to a 401(k) plan or defined-benefit plan through salary deductions will remain at $16,500 next year because of the low inflation rate, the Internal Revenue Service says. The most that can be contributed to a defined-contribution plan, which includes employer contributions, also will remain flat at $49,000 per participant in 2011, the IRS says.

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