Keep The Course: Commonly Asked Questions-How Much Can I Contribute to Roth and Pre-Tax 401(k) Contributions?

Each Wednesday 401kBasics posts a new article in a weekly series called “Keep the Course”. This series is designed to give the average consumer information on how to keep their 401k plan on track! Your feedback or suggestions on future articles is welcome.

Over the next few weeks, 401kBasics will feature some of the most commonly asked questions.

”How much can I contribute to both Roth and Pre-Tax 401k contributions?”

Plan sponsors determine which type of contributions to allow. If your plan allows for Roth and Pre-tax deferrals, then the limit for 2011 is $16,500. This means that your total combined contributions (Roth and Pre-Tax) cannot exceed $16,500. For those over 50 years old, your plan may allow for an additional $5,500 in catch-up contributions, which could be Pre-Tax or Roth. This means the total any single person could contribute in 2011 would be $22,000 assuming, that individual is at least 50 years old. A participant can not defer $16,500 in Pre-Tax and another $16,500 to Roth.

Keep in mind that some plans allow for “regular” or “voluntary” after-tax contributions, which are not considered Roth contributions.

For more information on your plan’s features, it’s recommend that you consult your 401k service provider or your employer.

This site is for entertainment purposes only. 401kBasics and it’s authors are not financial advisors and no information found on this site should be construed as financial advice.

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