401 (k) Plans

Osborne & Associates, Inc. is a diversified, full-service employee benefit consulting organization that stands apart from others in our field due to rigid adherence to our corporate philosophy:

Without question, 401(k) plans have grown to become the most popular retirement plan in the United States, along with being the most essential aspect of an employee benefit package. A 401(k) plan is a tax-sheltered vehicle for an employee to contribute to their retirement savings program and possibly achieve their personal retirement objectives. The employee has the opportunity to contribute to the plan while reducing current state and federal income taxes. 401(k) plans can stand-alone or be a feature of a profit sharing plan. If adopted as part of a profit sharing plan, the employer may make discretionary contributions on an annual basis.

Contribution Limits

Year 401(K) Limit Catch Up Limit
2005 $14,000 $4,000
2006 $15,000 $5,000
2007 $15,500 $5,000
2008  $15,500 $5,000
2009 $16,500 $5,500
2010 $16,500 $5,500
2011 $16,500 $5,500
2012 $17,000  $5,500
2013  $17,500 $5,500
2014 $17,500 $5,500
2015 $18,000 $6,000