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Please call Steve Scott,
866.352.7731 x 21
if you are interested in hearing more of our
“B2B Specialist Network Partners” |
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Type of Limitation |
2011 |
2010 |
2009 |
Elective Deferrals (401(k) and 403(b); not including adjustments and catch-ups) |
$16,500 |
$16,500 |
$16,500 |
457(b)(2) and 457(c)(1) Limits (not including catch-ups) |
$16,500 |
$16,500 |
$16,500 |
Section 414(v) Catch-Up Deferrals to 401(k), 403(b), 457(b), or SARSEP Plans |
$5,500 |
$5,500 |
$5,500 |
Defined Benefit Plans |
$195,000 |
$195,000 |
$195,000 |
Defined Contribution Plans |
$49,000 |
$49,000 |
$49,000 |
Annual Compensation Limit |
$245,000 |
$245,000 |
$245,000 |
Annual Compensation Limit for Grandfathered Participants in Governmental Plans Which Followed 401(a)(17) Limits (With Indexing) on July 1, 1993 |
$360,000 |
$360,000 |
$360,000 |
Highly Compensated Employee ("HCEs") |
$110,000 |
$110,000 |
$110,000 |
Individual Retirement Accounts ("IRAs"), for individuals 49 and below |
$5,000 |
$5,000 |
$5,000 |
Individual Retirement Accounts ("IRAs"), for individuals 50 and above |
$6,000 |
$6,000 |
$6,000 |
SIMPLE Retirement Accounts |
$11,500 |
$11,500 |
$11,500 |
SEP Coverage |
$550 |
$550 |
$550 |
SEP Compensation |
$245,000 |
$245,000 |
$245,000 |
Tax Credit ESOP Maximum Balance |
$985,000 |
$985,000 |
$985,000 |
Amount for Lengthening of 5-Year ESOP Period |
$195,000 |
$195,000 |
$195,000 |
Income Subject to Social Security Tax |
$106,800 |
$106,800 |
$106,800 |
FICA Tax for employees and employers |
7.65% |
7.65% |
7.65% |
Social Security Tax for employees and employers |
6.2% |
6.2% |
6.2% |
Medicare Tax for employees and employers |
1.45% |
1.45% |
1.45% |
FICA Tax for self-employed workers |
15.3% |
15.3% |
15.3% |
Social Security Tax for self-employed workers |
12.4% |
12.4% |
12.4% |
Medicare Tax for self-employed workers |
2.9% |
2.9% |
2.9% |
What’s in the news:
ASPPA issues comments on new DOL fee disclosure requirements
http://www.asppanews.org/2010/08/30/asppa-issues-comment-on-dol-fee-disclosure-regulation/
Plan Advisor, “10 Things you are Probably Still doing wrong as a Plan Fiduciary”
http://planadviser.com/IMHO_Wrong_Headed.aspx
Market Returns: 2010 remains historically volatile but relatively flat year
http://news.morningstar.com/index/indexReturn.html
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