|
Description
|
2008
|
2009
|
2010
|
2011
|
|
Maximum 401(k) contribution
|
$15,500
|
$16,500
|
$16,500
|
$16,500
|
|
Maximum 401(k) catch-up contribution |
$5,000 |
$5,500 |
$5,500 |
$5,500 |
|
Maximum SIMPLE contribution
|
$10,500
|
$11,500
|
$11,500
|
$11,500
|
|
Maximum SIMPLE catch-up contribution |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
|
Defined Contribution Plan Annual Addition Limit |
$46,000 |
$49,000 |
$49,000 |
$49,000 |
|
Defined Benefit Plan Annual Addition Limit |
$185,000 |
$195,000 |
$195,000 |
$195,000 |
|
401(A)(17) Compensation Limit |
$230,000 |
$245,000 |
$245,000 |
$245,000 |
|
Highly Compensated Employee Compensation (*) |
$105,000 |
$110,000 |
$110,000 |
$110,000 |
|
Social Security Wage Base |
$102,000 |
$106,800 |
$106,800 |
$106,800 |
|
Social Security tax rates: § Social Security § Medicare § Combined Rate § Self-employed combined rate
|
6.20 % 1.45 % 7.65 % 15.3 %
|
6.20 % 1.45 % 7.65 % 15.3 %
|
6.20 % 1.45 % 7.65 % 15.3 %
|
6.20 % 1.45 % 7.65 % 15.3 %
|
Plan Contribution Limits
Download a chart listing the annual contribution limits for retirement savings accounts for 2011, as established by the Internal Revenue Service.
