Annual Dollar Limits
The table below shows the 2007 and 2008 dollar limitations that affect
qualified plans.
| Description |
2010 |
|
2009 |
| IRA |
$5,000 |
|
$5,000 |
| IRA Catch-up (50 or older) |
$1,000 |
|
$1,000 |
| 401(k), 403(b) & 457 Deferrals |
$16,500 |
|
$16,500 |
| 401(k), 403(b) & 457 Catch-up |
$5,500 |
|
$5,500 |
| SIMPLE Deferrals |
$11,500 |
|
$11,500 |
| SIMPLE Catch-up |
$2,500 |
|
$2,500 |
| Section 415 Limit |
$49,000 |
|
$49,000 |
| Defined Benefit Limit |
$195,000 |
|
$195,000 |
| Compensation Limit |
$245,000 |
|
$245,000 |
| HCE Comp Limit |
$110,000 |
|
$110,000 |
| SS Wage Limit |
$106,800 |
|
$106,800 |
| Key Employee Officer |
$160,000 |
|
$160,000 |
|
|
|
|
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