Another great WSJ article by Jilian Mincer, as the recession deepens, employees are limiting their contributions to their 401(k)s which means you too might have to limit yours. WHAT!?! Yes that is right federal rules require that 401(k) plans not favor highly compensated employees, those earning more than $105,000 in 2008. Higher wage employees can’t contribute more than 2 percentage points more than their lower paid colleagues.
So beware of changes coming………………
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