IRS and Social Security Annual Limitations 2011
| Limit | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|
| Maximum compensation limit | $245,000 | $245,000 | $245,000 | $230,000 |
| Defined contribution plan maximum contribution | $49,000 | $49,000 | $49,000 | $46,000 |
| Defined benefit plan maximum benefit | $195,000 | $195,000 | $195,000 | $185,000 |
| 401(k), 403(b) and 457 plan maximum elective deferrals | $16,500 | $16,500 | $16,500 | $15,500 |
| Catch-up contributions* | $5,500 | $5,500 | $5,500 | $5,000 |
| SIMPLE plan maximum elective deferrals | $11,500 | $11,500 | $11,500 | $10,500 |
| Catch-up contributions* | $2,500 | $2,500 | $2,500 | $2,500 |
| IRA maximum contributions | $5,000 | $5,000 | $5,000 | $5,000 |
| Catch-up contributions* | $1,000 | $1,000 | $1,000 | $1,000 |
| Highly compensated employee threshold | $110,000 | $110,000 | $110,000 | $105,000 |
| Key employee (officer) threshold | $160,000 | $160,000 | $160,000 | $150,000 |
| Social security taxable wage base | $106,800 | $106,800 | $106,800 | $102,000 |
*Available to participants who are or will be age 50 or older by the end of the calendar year.
This newsletter is intended to provide general information on matters of interest in the area of qualified retirement plans and is distributed with the understanding that the publisher and distributor are not rendering legal, tax or other professional advice. Readers should not act or rely on any information in this newsletter without first seeking the advice of an independent tax advisor such as an attorney or CPA.
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