2010 and 2011 401(k) Contribution Limits
Annual 401(k) contribution limits are determined by IRS. Your 401k maximum contribution limit — the combined total maximum contribution that you can make each year to ALL 401k plans in which you participate, including standard 401k plans and Roth 401k plans — is the lower of: (1) the maximum percentage contribution limit allowed under each of your employers’ plans, or (2) the dollar limits shown in the table below.
| 401k Contribution Limits | |||
| Year | AGE 49 & BELOW | AGE 50 & ABOVE | CATCH UP LIMITS |
| 2006 | $15,000 | $20,000 | $5,000 |
| 2007 | $15,500 | $20,500 | $5,000 |
| 2008 | $15,500 | $20,500 | $5,000 |
| 2009 | $16,500 | $22,000 | $5,500 |
| 20010 | $16,500 | $22,000 | $5,500 |
| 2011 | $16,500 | $22,000 | $5,500 |
* Catch up contribution is only applicable for people over the age of 50.
Tags: 2010 401k limit, 401(k) contribution limits, Maximum 401k contribution, Roth IRA limit