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SIMPLE 401k Catch Up Contributions401k Catch up contributions for SIMPLE 401k plans: According to the IRS, for the years 2007 and 2008 the maximum amount you can contribute to your SIMPLE 401k plan is $10,500. For 2009 and 2010 the maximum limit increased to $11,500.
However, if you are 50 years old or older, or you will be 50 during the current year then you are allowed to defer an additional $2,500 from your salary into your SIMPLE 401k plan provided your SIMPLE 401k plan documents allow for catch up contributions. Not all SIMPLE 401k plans offer catch up contributions nor are they required by law to do so.
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