The IRS has just released the 2010 Cost of Living Adjustments related to pension and retirement plans . As you can see, all of the amounts will remain the same.
|
Type of Limitation |
2009 |
2010 |
|
401(k) / 403(b) Plan Elective Deferral Limit (402(g)) (Calendar Year) |
$16,500 |
$16,500 |
|
457(b)(2) and 457(c)(1) Plan Contribution Limit (Calendar Year) |
$16,500 |
$16,500 |
|
Age-50 Catch-up Deferral Amount (414(v)) (Calendar Year) |
$5,500 |
$5,500 |
|
SIMPLE Plan Deferral Limit (408(p)(2)) (Calendar Year) |
$11,500 |
$11,500 |
|
SIMPLE Plan Age-50 Catch-up Deferral Amount (Calendar Year) |
$2,500 |
$2,500 |
|
Defined Contribution Plan Annual Additions Limit (415 limit) (Limitation Year) |
$49,000 |
$49,000 |
|
Defined Benefit Plan Annual Additions Limit (415 limit) (Limitation Year) |
$195,000 |
$195,000 |
|
Annual Compensation Limit (401(a)(17)) |
$245,000 |
$245,000 |
|
Highly Compensated Employee Determination Threshold (414(q)) (Look-back to prior PY) |
$110,000 |
$110,000 |
|
Key Employee Officer Determination Threshold for Top Heavy Plans (416) |
$160,000 |
$160,000 |
|
Income Subject to Social Security Tax (Taxable Wage Base/OASDI) |
$106,800 |
$106,800 |
|
Tax Credit ESOP Threshold Balance |
$985,000 |
$985,000 |
|
Amount for Lengthening of 5-Year ESOP Period |
$195,000 |
$195,000 |
|
SEP Employee Coverage Compensation Threshold (408(k)) (Calendar Year) |
$550 |
$550 |
|
SEP Annual Compensation Limit |
$245,000 |
$245,000 |
|
IRA Contribution Limit (including Roth IRAs) (Calendar Year) |
$5,000 |
$5,000 |
|
IRA Catch-up Amount (Calendar Year) |
$1,000 |
$1,000 |
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