Q: How much can I contribute?
|
Contribution Type
|
Year
|
Amount
|
Conditions
|
|
Salary Deferral/Employee (Pre-tax: Traditional, Post-Tax: Roth)
|
2009
|
$16,500
|
Maximum annual deferral contribution to Traditional, Roth or combination there of.
|
|
Catch-Up Contributions Age 50 and Older
|
2009
|
$5,500
|
In addition to the above.
|
|
Employer/Profit Sharing Contribution
|
2009
|
25% of compensation
|
In addition to the above.
|
|
Overall for Individuals Under Age 50
|
2009
|
$49,000
|
Combination of deferral contribution and profit sharing.
|
|
Overall for Individuals Over Age 50
|
2009
|
$54,500
|
Combination of deferral contribution and profit sharing.
|
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