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October 25, 2004
2004/2005 Cost Of Living Indexed Adjustments
For Qualified Plans |
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2004 |
2005 |
| Employee Salary Deferral Limit to
401(k) Plans |
$13,000 |
$14,000 |
| Catch – up (age 50+) Deferral Limit
to 401(k) Plans |
$3,000 |
$4,000 |
| Defined Contribution Maximum Annual
Additions [IRC 415(c)] |
$ 41,000 |
$ 42,000 |
| Defined Benefit Maximum Annual Benefit
[IRC 415(b)] |
$165,000 |
$170,000 |
| Maximum Compensation for Qualified
Retirement Plans [IRC 401(a)(17), 404(l)] |
$205,000 |
$210,000 |
| Definition of Highly Compensated
Employees [IRC 414(q)] |
$90,000 |
$95,000 |
| FICA Taxable Wage Base |
$87,900 |
$90,000 |
| SEP Minimum Compensation |
$450 |
$450 |
| SIMPLE Retirement Accounts |
$9,000 |
$10,000 |
| Catch – up (age 50+) Limit for Simple
Retirement Accounts |
$1,500 |
$2,000 |
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