lydy2526 lydy2526
  • 22-05-2018
  • Social Studies
contestada

What is the yearly contribution limit to a 401(k) for an individual?

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DukeMoseti
DukeMoseti DukeMoseti
  • 31-05-2018
The correct answer is $18000.
Employees may contribute a maximum of $18,000 to their 401(k) plans with a higher total contribution limit  of $54000. $54000 is the defined contribution maximum limit which includes the contribution of both the employee and employer.
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