Contributions to 401(k) and simple plans for 2010

401(k) and Simple contribution limitations have remained the same from 2009.

401(k) contributions are limited to $16,500 for individuals, with available additional ‘catch-up’ contributions available to those ages 50 years and older of $5,500 (total available contributions of $22,000).

Simple contributions are limited to $11,500, with additional ‘catch-up’ contributions available to those 50 years and older of $2,500. (for total available contributions of $14,000).