What is the 2006 maximum employer retirement contribution?

Question

What is the 2006 maximum employer retirement contribution?

Answer 1

IF you're discussing 401(k), according to the IRS, the limits are as follows:



Contribution Limits:

Employee - $14,000 in 2005, $15,000 in 2006. If the employee is aged 50 and over, an additional “catch-up” contribution is allowed. The additional contribution amount is: 2005 - $4,000 and 2006 - $5,000.



Employer/Employee – The lesser of 25% of compensation or $42,000 in 2005 ($44,000 in 2006).

Answer 2

I found the same information.