| The contribution limits for 2009/2010 are:
Pretax 401(k) and/or Roth 401(k) - $16,500
Pretax Catch-up and/or Roth Catch-up - $5,500
( This deduction
is only available to those employees who are age 50 and over (or will be
age 50 by December 31)
Total Contribution - $49,000 or 100% of S&L
wages, whichever is less
(
Be aware: This includes all pretax 401(k), Roth 401(k), after-tax SIP, employer matching and employer
non-matching contributions. The pretax catch-up/Roth catch-up is not included in this limit. It is the employee's responsibility to select
a deduction percentage that will ensure an employer match for each paycheck,
if eligible)
Payroll Deductions
Pretax 401(k) - up to 65%
Roth 401(k) - up to 65%
Pretax Catch-up - up to 35%
Roth Catch-up - up to 35%
After-tax - up to 45%
|