eilano
Dec 18 2003, 11:41 AM
Does anyone recall what year the law changed regarding the deposit of after tax contributions in a retirement plan? There were no limits before if I remember correctly.
Mike Preston
Dec 18 2003, 11:48 AM
Years beginning after 12/31/86, generally. Before then, non-deductible employee contributions (after-tax) did not count up to the first 6% of pay and, in any event, were limited to 50% of the amount contributed.