The following rules apply to limits on 401(k) plans for 2005 and beyond:
<TABLE cellSpacing=0 cellPadding=5 border=0><TBODY><TR bgColor=#efefef><TD class=bodyCopy>2005</TD><TD class=bodyCopy>$14,000</TD></TR><TR><TD class=bodyCopy>2006 and thereafter</TD><TD class=bodyCopy>$15,000 (indexed beginning in 2007)</TD></TR></TBODY></TABLE>
Catch-Up Contributions
Participants age 50 and older who defer additional salary into 401(k),
as follows:
<TABLE cellSpacing=0 cellPadding=5 border=0><TBODY><TR bgColor=#efefef><TD class=bodyCopy>2005</TD><TD class=bodyCopy>$4,000</TD></TR><TR><TD class=bodyCopy>2006 and thereafter</TD><TD class=bodyCopy>$5,000 (indexed beginning in 2007)</TD></TR></TBODY></TABLE>
So if you are age 50 or older in 2005, the max is $18,000.