About Us Our Services How We Work Why Choose Us Our Clients Resources Resources
Click here to view a Flash demo of our Daily accounting retirement web site.





Back to Resources Page
Limitation 2006 2007 2008 2009
401(k) and 403(b) Deferrals $15,000 $15,500 $15,500 $16,500
457 Deferrals $15,000 $15,500 $15,500 $16,500
Catch-Up Contributions $5,000 $5,000 $5,000 $5,500*
415 Limits

   Defined Benefit Plans

   Defined Contribution Plans

 
$175,000**
$ 44,000
 
$180,000**
$ 45,000

 

$185,000**

$ 46,000

 

$195,000**

$ 49,000

Highly Compensated Employee (HCE) $100,000 $100,000 $105,000 $110,000***
Compensation Limit – 401(a)(17) $220,000 $225,000 $230,000 $245,000
Social Security Limits
  OASDI tax rate
  OASDI taxable wage base
  Hospital insurance tax rate
  Hospital insurance taxable wage base
 
6.20%
$94,200
1.45%
No Limit
 
6.20%
$97,500
1.45%
No Limit
 
6.20%
$102,000
1.45%
No Limit
 
6.20%
$106,800
1.45%
No Limit
ESOP Limits
  Maximum Balance Subject to the 5-year Distribution Period
  Amount for Lengthening of 5-year Distribution Period
 
$885,000

$175,000
 
$915,000

$180,000
 
$935,000

$185,000
 
$985,000

$195,000

*$5,500 additional catch-up for participants over age 50 by 12/31/09 if plan allows
**Reduced for retirement prior to age 62
***The $110,000 compensation limit will be used to determine HCE's for plan years beginning in 2010

NOTE: In 2009, a Highly Compensated Employee will be any employee who earned over $105,000 in 2008 or who was a 5% owner in either 2008 or 2009, unless a special election was made to only include the top 20% of employees as Highly Compensated Employees.


 
copyright ©2005