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The maximum annual participant contribution to 401(k) plans has increased for 2012 but employees may not be aware of it, according to a recent Fidelity Investments survey.
The Internal Revenue Service announced last fall that it was raising the maximum contribution to $17,000 in 2012, up from the $16,500 limit in 2011. Additional catch-up contributions for participants age 50 or older remain at $5,500 per year, in addition to the $17,000.
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