What are the 2007 401k Limits?

Starting in 2007 the 401k limits will be increased according the inflation index. The 401k limit for 2007 was raised to $15,500. This is an increase from the the 2006 401k limits of $15,000.
The 2007 catch-up contribution limit for people 50 years old and older remains at $5000, the same as it was in 2006.

401k limits

Year Annual 401K Contribution Limits Catch-up Contribution
2002 $11,000 $1000
2003 $12,000 $2000
2004 $13,000 $3000
2005 $14,000 $4000
2006 $15,000 $5000
2007 $15,500 $5000
2008 Indexed to Inflation Indexed to Inflation

Posted by Rob in Getting Rich on December 31st, 2006 |