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401k Percent Limit
Old 01-11-2006, 10:41 PM   #1
Dryer sheet wannabe
 
Join Date: Sep 2005
Posts: 10
I tried to bump my 401k deferral to 24% so I could max my 401k for 2006. I was told that the max percent I could allocate was 19%. Is this correct? I didn't think there was a limit except for the $15K per year. I am 29 so I don't qualify for the catch up option. Can individual companies make up their own rules for the 401k plans they provide? All input is greatly appreciated. Shenan
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