Flu Shots at Wilmington

IRS announces 2001 401(k) limits

12/22/2000

The IRS has announced the limits for 401(k) plans and other retirement programs for 2001. The maximum deferral limit for 2001 is $10,500, the same as 2000. The maximum compensation that is eligible for qualified retirement plans including 401(k) plans is $170,000 for 2001, the same as 2000.

The above limits are the two most common limits that are placed on retirement plans and 401(k) plans. Additional limits may apply to you depending upon your income level, overall plan participation levels and/or deferral percentages. For more information, please contact the ABX Benefits Dept. or visit the IRS web site at www.irs.gov.