Gary Lesser Posted December 1, 2000 Share Posted December 1, 2000 THE 2001 LIMIT FOR SIMPLE PLANS IS $6,500. Thus, with sufficient income, a $13,000 contribution is possible in a SIMPLE IRA ($9,900 in the case of a 2% nonelective contribution because of the $170K compensation cap). In a SIMPLE 401(k), the $170,000 compensation cap always applies (as does the 25% limit); thus, $11,600 is the maximum (with 3% match) and $9,900 in the case of a (2%) nonelective. Link to comment Share on other sites More sharing options...
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