11.02.2010

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Updates

The IRS announced the Year 2011 cost-of-living adjustments for various provisions affecting employee benefit plans.  The following table shows certain Year 2011 limits and those from prior years.  2011 limits listed below remain unchanged from 2010.

Plan Limits 

 2011

 2010

 2009

2008 

 2007

 § 401(k) Plan and § 403(b) Plan

$16,500

$16,500

$16,500

$15,500

$15,500

 §§ 401(k), 403(b) and 457 Catch-Up Contributions

$5,500

$5,500

$5,500

$5,000

$5,000
 SIMPLE Plan

$11,500

$11,500

$11,500

$10,500

$10,500

 SIMPLE § 401(k) and IRA Catch-Up Contributions

$2,500

$2,500

$2,500

$2,500

$2,500

 § 415 Limit for
  • Defined Contribution Plan (§ 415(c))
  • Defined Benefit Plan (§ 415(b))

$49,000
$195,000

$49,000
$195,000

$49,000
$195,000

$46,000
$185,000

$46,000
$185,000

 Highly Compensated Employees (§ 414(q))

$110,000

$110,000 

$110,000

$105,000

$100,000

 Includible Compensation (§ 401(a)(17))

$245,000

$245,000

$245,000

$230,000

$225,000

 Key Employees (§ 416)
  • Officer Group

$160,000

$160,000

$160,000

$150,000

$145,000

 Compensation Threshold for SEP Eligibility
(§ 408(k)(2)(C))

$550

$550

$550

$500

$500

 FICA Taxable Wage Base

          

 Social Security (Tax Rate 6.20%)

$106,800

$106,800

$106,800

$102,000

$97,500

 Medicare (Tax Rate 1.45%)

No limit

No limit

No limit

No limit

No limit
 

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