1 Joe Giudice: Why Teresaâs Husband Will Now Serve Even More Jail Time. 2  Teresa Giudice: Husband Joe Apologizes For Involving Her In Fraud.  Teresa Giudice: She Doesnât Regret The Mistakes That Landed Her In Jail.
The maximum amount of contributions a person can make to his or her 401(k) plan is set each year by the IRS. For the year 2016, people can contribute up to $18,000 as an elective salary deferral to a 401(k) plan.Additionally, if you are age 50 or older, you can contribute an additional catch-up contribution of $6,000.This 2016 contribution is the same limit as applies in 2015.or the year 2016, people can contribute up to $18,000 as an elective salary deferral to a 401(k) plan. Additionally, if you are age 50 or older, you can contribute an additional catch-up contribution of $6,000.
Specifically, the U.S. Department of Labor proposed this week that the salary threshold needed to maintain such exempt classifications should increase from $23,660 to $50,440 per year (or $970 per workweek). This amounts to more than a doubling of the current salary requirement.he White House recently announced that the long-awaited proposed amendments to the Fair Labor Standards Act regulations concerning the so-called âwhite collarâ exemptions will include a substantial increase to the salary required to maintain exempt status for most executive, administrative, and professional employees.