In 2009, employees can contribute a maximum of $16,500 to their 401(k) or 403(b) plans, with an additional catch-up of $5,500 if they are over 50 or turn 50 next year. For someone 50 or over, the total will be $22,000.
If you are paid biweekly, that means that you can contribute a total of $634.62 biweekly if you are under 50, or $846.15 if you are over 50 or turn 50 in 2009.
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