This section discusses the statutory limits on how much you can save in a 401(k) plan.
- Traditional 401(k) plan
- Safe Harbor 401(k) plan
- SIMPLE 401(k) plan
- Contribution Limits
2008 COLA Increases
- IRS Releases 2008 Inflation Adjustments [IR-2007-172]
- Rev. Proc. 2007-66lists the cost-of-living adjustments for 2008.
- 2008 Pension Plan Limitations [IR-2007-171]
- COLA Increases for Dollar Limitations on Benefits and Contributions.
Traditional 401(k) plan
Employers who contribute to employees’ 401(k) accounts have further options. You can contribute a percentage of each employee’s compensation to the employee’s account (called a nonelective contribution), or you can match the amount your employees decide to contribute (within the limits of current law) or you can do both...