Brendan Willmann, CPA, EA, CFP®
Asheville: 828-348-8698
Cincinnati: 513-549-2736

401(k) and 403(b) Plans

This category contains 2 posts

401(k) Contribution Limits for 2016

The maximum amount an employee can contribute to their 401(k) plan in 2016 is $18,000. Employees age 50 or older are allowed to contribute an additional $6,000 for a total of $24,000. Both amounts are unchanged from 2015. 401(k) contributions made by the employer are not subject to limits listed above.   —— The articles presented on […]

401(k) Contribution Limit for 2013

The 401(k) contribution limit will increase to $17,500 for 2013. No change has been made to the “catch-up provision” for plan participants age 50 and older.  They will still be able to contribute an additional $5,500 for a total of $23,000. As with the IRA contribution limit, this is an aggregate participant contribution limit meaning […]