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Is there a maximum amount that an employee can contribute to the 401(k) Plan during the taxable year?

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Is there a maximum amount that an employee can contribute to the 401(k) Plan during the taxable year?

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Yes, and it varies by year in accordance with IRS regulations. However, if you are fifty years or older, you are eligible to contribute additional catch-up amounts up to the maximum contribution. Remember: These amounts do not include any contributions your employer may be required to make.

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