ERISA & Tax Code Pension & Retirement Plan Limits - 10/08/2008
|
|
2008 |
2009 |
|
Deferral Limits for Plans |
|
|
|
401(k) |
$15,500 |
$16,500 |
|
SIMPLE |
$10,500 |
$11,500 |
|
403(b) |
$15,500 |
$16,500 |
|
457 |
$15,500 |
$16,500 |
|
Catch-Up Contributions for Participants Age 50 or Older |
|
|
|
401(k) Plans |
$5,000 |
$5,500 |
|
SIMPLE Plans |
$2,500 |
$2,500 |
|
Qualified Plans - Annual Compensation Limit |
$230,000 |
$245,000 |
|
Defined Benefit Maximum Annual Benefit |
$185,000 |
$195,000 |
|
Defined Contribution - Maximum Annual Addition |
$46,000 |
$49,000 |
|
"Key Employee" in Top-Heavy Plan |
$150,000 |
$160,000 |
|
"Highly Compensated Employee" Threshold |
$105,000 |
$110,000 |
|
SEP Compensation Threshold for Participation |
$500 |
$550 |