According to the 2001 Economic Growth and Tax Relief Reconciliation Act, individuals with employer or business-related retirement plans (Keoghs or 401ks) can increase their annual contributions to these retirement plans from $10,500 in 2001 to, eventually, $15,000 by the year 2006.

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The 2001 Economic Growth and Tax Relief Reconciliation Act included provisions that gradually increased the contribution limits for employer or business-related retirement plans, such as 401(k)s and Keoghs, from $10,500 in 2001 to $15,000 by 2006.