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YOUR kPlan Benefits

The following chart shows how alternative retirement savings options compare to YOUR kPlan.



Plan Type


Total

Maximum Allowable Contributions

Traditional IRA
IRA Catch-up Age 50+
$5,000
$1,000

$6,000

Simple IRA
Simple IRA Catch-up Age 50+
$11,500
$2,500

$14,000

YOUR kPlan
401K Deferrals
401K Catch-up
Under Age 50
Employer Contributions
(tax deductible)
Over Age 50
Matching and Profit Sharing

$16,500
$5,500

$32,500

$49,000


$54,000