Articles Tagged ‘Benefits package’

2011 Retirement Plan Limits Remain at the 2010 Level

Friday, December 31st, 2010

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

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