For 2004: A: Employees under 50 can contribute up to 100% of their earnings (not to exceed $13,000) as an employee contribution to their Solo 401k plan. (Employees who are older than 50 (or who turn 50 in 2004) can contribute up to 100% of their earnings not to exceed $16,000) as an employee contribution to their 401k plan. For 2005: A: Employees under 50 can contribute up to 100% of their earnings (not to exceed $14,000) as an employee contribution to their Solo 401k plan. See similar questions...

The maximum for pre-tax or "Salary Savings" contributions under IRC Section 401(k) limitations is the lesser of $15,000 for the year 2006 (plus $5,000 "catch-up" contribution for 2006 calendar year). Other limitations on contributions, such as total contribution (combined employee and employer) or testing requirements, may reduce that maximum for a specific employee, plan, or plan year. See similar questions...

Incorporated employers can contribute up to 25% of their W-2 earnings as an employer contribution to their 401k plan. You may not make an employer contribution or employer profit sharing or employer matching contribution to a ROTH 401k account. Unincorporated employers can contribute up to 20% of their self-employment income* as an employer contribution to their 401k plan (in addition to the allowable employee contributions (see above). See similar questions...

You can contribute up to 18% of your earned income less any Pension Adjustment if you belong to a Registered pension Plan. However, you cannot exceed the maximum amount of $16,500 for 2005, $18,000 for 2006, $19,000 for 2007, $20,000 for 2008, $21,000 for 2009 and $22,000 for 2010. After that, the maximum amount is indexed to average wage growth starting in 2011. See similar questions...

The IRS annually reviews, and periodically adjusts, the maximum amount you can contribute each year to your 401(k) plan. You will find an article containing the current year's limits in the News Room section on our home page. See similar questions...

The Health Care Reimbursement Account maximum is $5,000. The Dependent Care Reimbursement Account maximum is $5,000 per family, per plan year. ($2,500 if married filing separate Federal Income Tax returns.) See similar questions...

the employer, you have the flexibility to set your own HRA allocation amount. In general, we recommend funding the HRA at 50 to 75 percent of your health plan's annual deductible for each employee. That level gives employees a reasonable amount of first-dollar coverage while still providing for some cost sharing. See similar questions...

Employer contributions are limited by the total participating compensation and testing requirements for the employee and Plan levels. Generally, the total contribution for an individual employee would be limited to the lesser of 25% of recognized compensation or $44,000 for the year 2006. On the Plan level, the total employer contributions is limited to 25% of total participating compensation. See similar questions...

Answer: On filing 2005 Tax Return, you must have received Notice of Assessment from Canada Revenue Agency. Your 2006 RRSP limit is shown on it. At the same time, you will have to consider 'undeducted amount' on the same Notice as well as your obligation under Home Buyers'/Life-long Learning Plan(s). If you require any assistance in this connection, please visit any Softron Location. See similar questions...

You may withdraw the excess amount and any earnings on the excess amount prior to April 15th of the following year. However, you must pay income tax on your excess contributions and income tax on any earnings of the excess contribution. There is no 10% penalty on excess contributions. See similar questions...

If you choose Plan 500, your maximum out of pocket expense would be $1,500 per member, per calendar year, assuming you use in network providers. If you choose Plan 750, your maximum out of pocket expense would be $3,750 per member, per calendar year. If you choose Plan 1000, your maximum out of pocket expense would be $5,000 per member, per calendar year. If you choose Plan 1500, your maximum out of pocket expense would be $7,500 per member, per calendar year. See similar questions...

SPP is designed to be very flexible and to accommodate your individual financial circumstances. These is no minimum contribution. Even contributing $10 per month will build your SPP account and provide you with additional pension at retirement. The maximum contribution is $600 per plan year. See similar questions...

The law provides that the employee may make up elective deferrals to the extent that the employee could have made them (see Code section 414(u)(2)(B)). These deferrals are adjusted for any elective deferrals actually made during the period of qualified military service. Return to List of FAQs See similar questions...

Great news! Effective January 1, 2007, the rules now allow greater employer contributions for lower-paid employees. Previously, employer contributions under the comparability rules had to be the same amount or percentage of the deductible for all employees with the same category of coverage. Consequently, employers could not contribute higher amounts to lower-paid employees. See similar questions...

employee can contribute up to $15,500 pre-tax to each plan in 2007 and beyond. If the employee is age 50 or older, the employee can contribute up to an additional $5,000 to each plan in 2007 and beyond. See similar questions...

The maximum dollar amount a participant may contribute to a 401(k) plan for the year 2007 is $15,500*. You may also be eligible to contribute an additional "catch-up contribution" of $5,000* if you are over age 50 (if allowed by your plan). Your employer may also contribute to your 401 (k) account. The total annual contribution, including employer contributions, but excluding "catch-up contributions", cannot exceed $45,000 or 100% of total compensation, whichever is less. See similar questions...

The IRS currently does not require that states count your investment in other state 529 plans when applying their own contribution limits. And there are no "contribution police" out there looking for people who are intent on using multiple states to stuff hundreds of thousands of dollars into 529 plans as a kind of tax shelter. See similar questions...

The maximum amount you can contribute into your HSA is IRS contribution limit ($2,850 for single coverage and $5,650 for family coverage in 2007), whichever is lower. You might also be allowed to make a catch up contribution up to $800 if you are over age 55. The SHPS HSA contribution calculator can help you determine how much to contribute. See similar questions...