Contribution Limits

The Internal Revenue Service (IRS) sets limits on how much you can contribute to your defined contribution plan each year through salary reduction (before taxes). Individuals age 50 and older can make additional annual contributions. These "catch-up" contributions are helpful to baby boomers preparing for approaching retirements, and for any individual who may have spent time out of the workforce. Details on the IRS limits are available here.

Publications and Resources

401(k) Fee Disclosure Form. ACLI, working with the American Bankers Association and the Investment Company Institute, developed a 401(k) Fee Disclosure Form designed to assist companies in making informed cost-benefit decisions when selecting 401(k) service providers.