Quote:
Originally posted by masraum
I think the yearly cap is 15k.....
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You are indeed correct...I just thought I was at a 16% rate for the whole year. That 16% max rate just happened to be the same at all three corporations that I have been with since 401Ks were implemented back in the mid 80s. Just like FICA....once you hit the limit for the year, you're maxed out...