Monday, December 1, 2008

Spare Change: 401(k) News

In this edition of spare change, we (quickly) explore what's happening in the wild world of 401(k)s. Have some spare change of your own? Share your 401(k) headlines in the comments!
  • The Employees Benefit Research Institute (EBRI) is offering regular updates of 401(k) balance estimates as the markets change based on information from their database, which is widely recognized as the most comprehensive database on 401(k) plan participants. To find out more, click here.
  • Interested in 401(k) fee disclosure regulations? Check out this webinar next week, which features Mass Mutual as well as various financial firms.
  • This year, 2009, you will have the opportunity to save more for retirement in your tax-sheltered account than you did last year. You and your employer may contribute more to your qualified retirement plan because an increase in the cost of living index triggered an “adjustment” in the limits. The 2009 Plan limits are listed below:

New Plan Limits for 2009

This year 2009

Last year 2008

457(b) deferral [457(e)(15)]



401(k) & 403(b) Elective Deferral [402(g)(1)]



Age 50+ catch-up Contributions



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