Effective January 1, 2012, most employees can defer up to $17,000 of their annual salary to their 401k investment plan --- a $500 increase over the limit in 2011. Employees age 50 and older can defer up to $22,500. In most cases, each participant may defer up to the maximum allowed by law. The plan defers taxes on the amount you invest in your 401k account. Independent matches 50% of a participant's total contribution to his or her 401k up to $250 in the plan year that began July 1, 2011. If you would like to increase your contribution, it's simple! Click on Self Service and log on. Select 401k Elections under the Benefit heading to make your changes. Email inipayroll@newszap.com ith questions or problems making the change in Self Service.
