The maximum annual elective contribution for a participant who is age 40 in a § 401(k)plan is $16,500 for 2011.

Name: The maximum annual elective contribution for a participant who is age 40 in a § 401(k)plan is $16,500 for 2011.
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This is true according to the IRS contribution limits for 2011. Participants age 50 and over can make an additional catch-up contribution of $5,500, bringing their total maximum contribution to $22,000.

The Maximum Annual Elective Contribution for a Participant Who Is