Posts Tagged ‘micro systems consultants’

Law Increases 401K Annual Limits

Icon Written by Administrator on May 13, 2009 – 9:59 am

On August 7, 2008, the Governor of Puerto Rico signed into law Act 186, which increases the pre-tax contribution limits for Section 1165(e) savings plans. Under prior law, pre-tax contributions were limited to the lesser of 10 percent of compensation or $8,000 per year. The new law removes immediately the 10 percent cap, so that the limit for 2008 plan years is $8,000 regardless of compensation. It also increased the annual limits for plan years beginning in 2009 and thereafter as follows:

Tags: , , , , ,


Icon Written by Administrator on April 29, 2009 – 8:46 am

Welcome to MSC Payroll News. Here you will find useful payroll and human resources tips and advice. Feel free to post your comments. Email your article requests to This blog is published by Micro Systems Consultants. Visit us at to lean more about MSC Payroll.

Tags: ,