News & PublicationsThe IRS Announces 2010 Cost of Living Adjustment for Retirement Plans
Garvey Schubert Barer Legal Update, October 20, 2009.
The limits remain unchanged from 2009 and are outlined as follows:
| Limitation | 2009 and 2010 |
| Voluntary employee contributions limit: 401(k), 403(b) and 457(b) plans | $16,500 |
| Age 50 catch-up limit: 401(k), 403(b) and governmental 457(b) plans | $5,500 |
| SIMPLE plan deferral limit | $11,500 |
| SIMPLE catch-up limit | $2,500 |
| Defined contribution plan annual contribution limit | $49,000 |
| Defined benefit plan annual benefit limit | $195,000 |
| Cap on includible compensation for plan purposes | $245,000 |
| Highly compensated employee threshold | $110,000 |
| Top-heavy key employee/officer compensation threshold | $160,000 |
| Social Security taxable wage base | $106,800 |
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