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October 16, 2009
2009/2010 Cost Of Living Indexed Adjustments
For Qualified Plans |
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2010 |
2009 |
| Employee Salary Deferral Limit to
401(k) Plans |
$16,500 |
$16,500 |
| Catch – up (age 50+) Deferral Limit
to 401(k) Plans |
$5,500 |
$5,500 |
| Defined Contribution Maximum Annual
Additions [IRC 415(c)] |
$ 49,000 |
$ 49,000 |
| Defined Benefit Maximum Annual Benefit
[IRC 415(b)] |
$195,000 |
$195,000 |
| Maximum Compensation for Qualified
Retirement Plans [IRC 401(a)(17), 404(l)] |
$245,000 |
$245,000 |
| Definition of Highly Compensated
Employees [IRC 414(q)] |
$110,000 |
$110,000 |
| FICA Taxable Wage Base |
$106,800 |
$106,800 |
| SEP Minimum Compensation |
$550 |
$550 |
| Simple Retirement Accounts - Employee Salary Deferral Limit |
$11,500 |
$11,500 |
| Catch – up (age 50+) Deferral Limit for Simple
Retirement Accounts |
$2,500 |
$2,500 |
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