Current IRS Limits on Benefits and Compensation:
| |
2011 |
2010 |
|
Qualified Plan
Compensation Limit
|
$245,000 |
$245,000 |
|
401(k) / 403(b) / 457 Plans
Maximum Elective Deferral
|
$16,500 |
$16,500 |
|
SIMPLE Plan
Maximum Elective Deferral
|
$11,500 |
$11,500 |
|
401(k) / 403(b) / 457 Plans
Catch-Up Contribution Limit
|
$5,500 |
$5,500 |
|
SIMPLE Plan
Catch-Up Contribution Limit
|
$2,500 |
$2,500 |
|
Highly Compensated
Compensation Test
|
$110,000 |
$110,000 |
|
Key Employee
Compensation Test
|
$160,000 |
$160,000 |
|
Social Security
Taxable Wage Base
|
$106,800 |
$106,800 |
|
Defined Contribution Plan
Annual Additions Limit
|
$49,000 |
$49,000 |
|
Defined Benefit Plan
Annual Benefit Limit
|
$195,000 |
$195,000 |
|
