IRS Announces 2011 Contribution/Benefit Limits
November 8, 2010    Disclosures    POSTED IN  Personal FinanceRetirement Planning
The Internal Revenue Service (IRS) announced today the contribution limits for retirement plan participants for Tax Year 2011.

The maximum annual contribution employees can make through salary reduction to a 401(k), 457(b) or 403(b) plan in 2010 will remain at $16,500. Catch-up contributions for employees older than 50 years of age will remain a maximum of $5,500 for the year.

More information on the IRS retirement plan contribution limits and cost of living adjustments can be found at the IRS Web site.



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