Current IRS Limits on Benefits and Compensation:
| |
2008 |
2009 |
|
Qualified Plan
Compensation Limit
|
$230,000 |
$245,000 |
|
401(k) / 403(b) / 457 Plans
Maximum Elective Deferral
|
$15,500 |
$16,500 |
|
SIMPLE Plan
Maximum Elective Deferral
|
$10,500 |
$11,500 |
|
401(k) / 403(b) / 457 Plans
Catch-Up Contribution Limit
|
$5,000 |
$5,500 |
|
SIMPLE Plan
Catch-Up Contribution Limit
|
$2,500 |
$2,500 |
|
Highly Compensated
Compensation Test
|
$105,000 |
$110,000 |
|
Key Employee
Compensation Test
|
$150,000 |
$160,000 |
|
Social Security
Taxable Wage Base
|
$102,000 |
$106,800 |
|
Defined Contribution
Annual Additions Limit
|
$46,000 |
$49,000 |
|
