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.
An additional $6,000 elective salary deferral is permitted for those age 50 and over. Can use age 50 catch-up for 457(b) and 403(b) in the same year. If within 3 years of planâs normal retirement age, employee is eligible for the greater of age 50 catch-up or enhanced limit (not both). Other âCatch-upâ Provisions For those with 15 or more years of service, up to an additional $3,000 elective salary deferral per year ($15,000 lifetime maximum).