Legislative and Regulatory
IRS Announces 2011 Retirement Plan Limits (Oct 2010)
Instant Insights (Oct. 29, 2010)
IRS Announces 2011 Retirement Plan Limits
|
Purpose |
2011 |
2010 |
2009 |
2008 |
|
Limit on 401(k) and 403(b) Elective Deferrals* |
$16,500 |
$16,500 |
$16,500 |
$15,500 |
|
Limit on Deferrals to 457 Plan* |
$16,500 |
$16,500 |
$16,500 |
$15,500 |
|
Catch-up Contribution for 401(k), 403(b), 457, SARSEP* |
$5,500 |
$5,500 |
$5,500 |
$5,000 |
|
Defined Contribution Plan Maximum Annual Addition |
$49,000 |
$49,000 |
$49,000 |
$46,000 |
|
Defined Benefit Plan Maximum Benefit |
$195,000 |
$195,000 |
$195,000 |
$185,000 |
|
Compensation Limit |
$245,000 |
$245,000 |
$245,000 |
$230,000 |
|
Definition of Highly Compensated Employee |
$110,000 |
$110,000 |
$110,000 |
$105,000 |
|
Definition of Key Employee Officer |
$160,000 |
$160,000 |
$160,000 |
$150,000 |
|
Social Security Taxable Wage Base (OASDI)** |
$106,800 |
$106,800 |
$106,800 |
$102,000 |
* Limits on these items are indexed for inflation in $500 increments rounded to the nearest lower multiple of $500.
** No limit for Medicare tax.
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