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There is also a maximum 401(k) contribution limit that applies to all employee and employer 401(k) contributions in a calendar year. This limit is the section 415 limit, which is the lesser of 100% of the employee's total pre-tax compensation or $56,000 for 2019, or $57,000 in 2020.
Jim Wright (D-TX) US Representative and house Speaker, resigned after an ethics investigation led by Newt Gingrich alleged improper receipt of $145,000 in gifts (1989) [359] Keating Five (1980–1989) The failure of Lincoln Savings and Loan led to Charles Keating donating to the campaigns of five Senators for help.