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The Maximum Annual Elective Contribution for a Participant Who Is

question 101

True/False

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


Definitions:

Incorrect Gear

A gear selection that does not match the optimal or desired operational requirements, leading to inefficiency or mechanical stress.

Diaphragm Spring

Diaphragm spring is a type of spring used in clutch and brake applications, characterized by its conical shape, which allows it to exert a clamping force while enabling control over engagement and disengagement.

Angle Spring

A type of spring that is designed to work at a specific angle or to manage forces applied at an angle relative to its axis.

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