2010 401K contribution limits to be unchanged

Although the formula which determines how much the 401k contribution changes each year would have led to a $500 decrease in the permissible 401k savings level, the IRS has decided to permit the limit to remain unchanged. Largely to help companies and service providers from various software modifications, the limits will be the same as 2009's limit.

Read more about your 2010 401k contribution limits, including the catch-up provisions.