Main Menu
Date: October 20, 2009

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
Back to Page

We use cookies to improve your experience on our website. By continuing to use our website, you agree to the use of cookies. To learn more about how we use cookies, please see our Cookie Policy.