401k Limits

*Update: The 401k max contribution limits for 2013 have been released and are as follows: The elective deferral (contribution) limit for employees is increased from $17,000 to $17,500. The catch-up contribution limit for employees aged 50 and over remains unchanged at $5,500. In the US 401(k) is a retirement savings plan that allows workers to invest the savings thus deferring income tax on the saved money until it is withdrawn. The employee nominates a portion of wages to be paid directly ...
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Does the 401(k) max contribution limit include the employer match?

There is a maximum limit on the total yearly employee pre-tax salary deferral. The limit is $17,000 for the year 2012, and $17,500 for the year 2013. Employees who are 50 years old or over at any time during the year are now allowed additional pre-tax "catch up" contributions of up to $5,500 for 2012 and 2013. For future years, the limit will be indexed for inflation, increasing in increments of $500. In eligible plans, employees can elect to have their contribution allocated as either a pre...
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