 |
Maximum Benefit and Contribution Limits
|
Type of Limitation |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
2003 |
EGTRRA
changes effective for year beginning in 2002 |
2002 1 |
|
401(k)
/ 403(b) Elective Deferrals
(402(g)) |
$16,500 |
$15,500 |
$15,500 |
$15,000 |
$14,000 |
$13,000 |
$12,000 |
$11,000 |
N/A |
|
457(b)(2) and 457(c)(1) Limits |
$16,500 |
$15,500 |
$15,500 |
$15,000 |
$14,000 |
$13,000 |
$12,000 |
$11,000 |
N/A |
|
Catch
up amount
(414(v)) |
$5,500 |
$5,000 |
$5,000 |
$5,000 |
$4,000 |
$3,000 |
$2,000 |
$1,000 |
N/A |
|
2
Defined Benefit Plans
(415 limit) |
$195,000 |
$185,000 |
$180,000 |
$175,000 |
$170,000 |
$165,000 |
$160,000 |
$160,000 |
N/A |
|
2
Defined Contribution Plans
(415 limit) |
$49,000 |
$46,000 |
$45,000 |
$44,000 |
$42,000 |
$41,000 |
$40,000 |
3
$40,000 |
$35,000 |
|
3
Annual Compensation Limit |
$245,000 |
$230,000 |
$225,000 |
$220,000 |
$210,000 |
$205,000 |
$200,000 |
$200,000 |
N/A |
|
Highly
Compensated ($80,000 index)
(414(q))
Lookback year
calculation |
$110,000 |
$105,000 |
$100,000 |
$100,000 |
$95,000 |
$90,000 |
$90,000 |
N/A |
$90,000 |
|
SIMPLE
plans |
$11,500 |
$10,500 |
$10,500 |
$10,000 |
$10,000 |
$9,000 |
$8,000 |
$7,000 |
N/A |
|
SIMPLE
plan catch up amount |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,000 |
$1,500 |
$1,000 |
$500 |
N/A |
|
2Key
employee officer threshold |
$160,000 |
$150,000 |
$145,000 |
$140,000 |
$135,000 |
$130,000 |
$130,000 |
$130,000 |
N/A |
|
3
Income Subject to Social Security Tax |
$106,800 |
$102,000 |
$97,500 |
$94,200 |
$90,000 |
$87,900 |
$87,000 |
N/A |
$84,900 |
|
IRA |
$5,000 |
$4,000 |
$4,000 |
$4,000 |
$4,000 |
$3,000 |
$3,000 |
$3,000 |
$3,000 |
|
IRA
Catchup |
$1,000 |
$1,000 |
$1,000 |
$1,000 |
$500 |
$500 |
$500 |
$500 |
. |
|
1 not
mandated by EGTRRA |
|
2
Effective for limitation years ending in calendar year (§1.415-6(a)(2)) |
|
3
Effective for plan years beginning in calendar year
(§1.401(a)(17)-1(a)(3)(i)) |
|
