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The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2011. In general, these limits will either remain unchanged from 2010.
| 401k Plan Limits for Plan Year |
2011 |
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
| 401k Elective Deferrals |
$16,500 |
$16,500 |
$16,500 |
$15,500 |
$15,500 |
$15,000 |
$14,000 |
| Annual Defined Contribution Limit |
$49,000 |
$49,000 |
$49,000 |
$46,000 |
$45,000 |
$44,000 |
$42,000 |
| Annual Compensation Limit |
$245,000 |
$245,000 |
$245,000 |
$230,000 |
$225,000 |
$220,000 |
$210,000 |
| Catch-Up Contribution Limit |
$5,500 |
$5,500 |
$5,500 |
$5,000 |
$5,000 |
$5,000 |
$4,000 |
| Highly Compensated Employees |
$110,000 |
$110,000 |
$110,000 |
$105,000 |
$100,000 |
$100,000 |
$95,000 |
| |
| Non-401k Related Limits |
| 403(b)/457 Elective Deferrals |
$16,500 |
$16,500 |
$16,500 |
$15,500 |
$15,500 |
$15,000 |
$14,000 |
| SIMPLE Employee Deferrals |
$11,500 |
$11,500 |
$11,500 |
$10,500 |
$10,500 |
$10,000 |
$10,000 |
| SIMPLE Catch-Up Deferral |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,000 |
| SEP Minimum Compensation |
$550 |
$550 |
$550 |
$500 |
$500 |
$450 |
$450 |
| SEP Annual Compensation Limit |
$245,000 |
$245,000 |
$245,000 |
$230,000 |
$225,000 |
$220,000 |
$210,000 |
| Social Security Wage Base |
$106,800 |
$106,800 |
$106,800 |
$102,000 |
$97,500 |
$94,200 |
$90,000 |
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Captial Cities, L.L.C.