2010 401K maximum contribution limits are $16,500 ($22,000 if age 50 and over) Surprised? Yes, you read right. They are the same as last year.

Usually the contribution limits increase with the rate of inflation. The formula is based on the inflation rate in the third quarter vs. the previous year’s quarter which would have made the limits go down. But since few Americans are actually saving the maximum allowable per year, the powers that be said to keep it the same.