The EGTRRA was passed by Congress in 2001 and increased the employee annual contribution limit for employer-sponsored retirement plans.

Question

Quizplus · Accepted Answer

The Economic Growth and Tax Relief Reconciliation Act (EGTRRA) was indeed passed by Congress in 2001 and among other things, it increased the annual contribution limits for employer-sponsored retirement plans such as 401(k)s and IRAs.

The EGTRRA Was Passed by Congress in 2001 and Increased