Increases in plan limits from year to year depend on the relationship of the cost of living index as of September 30 of the prior two years. The cost of living index at September 30, 2010 was higher than the index at September 30, 2009, but lower than the index at September 30, 2008. As a result, retirement plan limits for 2011 will be unchanged from the 2010 limits.
|
Limitation |
2010 |
2011 |
|
401(k) / 403(b) / 457 Plan Maximum Elective Deferral |
$16,500 |
$16,500 |
|
Qualified Plan Compensation Limit |
$245,000 |
$245,000 |
|
Catch-Up Contribution Limit |
$5,500 |
$5,500 |
|
Highly Compensation Employee Definition |
$110,000 |
$110,000 |
|
Top Heavy Key Employee Definition |
$160,000 |
$160,000 |
|
Defined Contribution Annual Additions Limit |
$49,000 |
$49,000 |
|
Defined Benefit Annual Benefit Limit |
$195,000 |
$195,000 |
|
Social Security Taxable Wage Base |
$106,800 |
$106,800 |
Pat Scahill
Nyhart
www.nyhart.com
