Maximum Benefit and Contribution Limits
Updated October 15, 2009
|
Type of Limitation
|
2010
|
2009
|
2008
|
2007
|
2006
|
2005
|
2004
|
2003
|
2002*
|
20021
|
2001
|
|
401(k) / 403(b) Elective Deferrals (402(g))
|
$16,500
|
$16,500
|
$15,500
|
$15,500
|
$15,000
|
$14,000
|
$13,000
|
$12,000
|
$11,000
|
N/A
|
$10,500
|
|
457(b)(2) and 457(c)(1) Limits
|
$16,500
|
$16,500
|
$15,500
|
$15,500
|
$15,000
|
$14,000
|
$13,000
|
$12,000
|
$11,000
|
N/A
|
$8,500
|
|
Catch up amount (414(v))
|
$5,500
|
$5,500
|
$5,000
|
$5,000
|
$5,000
|
$4,000
|
$3,000
|
$2,000
|
$1,000
|
N/A
|
N/A
|
|
2 Defined Benefit Plans (415 limit)
|
$195,000
|
$195,000
|
$185,000
|
$180,000
|
$175,000
|
$170,000
|
$165,000
|
$160,000
|
$160,000
|
N/A
|
$140,000
|
|
2 Defined Contribution Plans (415 limit)
|
$49,000
|
$49,000
|
$46,000
|
$45,000
|
$44,000
|
$42,000
|
$41,000
|
$40,000
|
3 $40,000
|
$35,000
|
$35,000
|
|
3 Annual Compensation Limit
|
$245,000
|
$245,000
|
$230,000
|
$225,000
|
$220,000
|
$210,000
|
$205,000
|
$200,000
|
$200,000
|
N/A
|
$170,000
|
|
Highly Compensated ($80,000 index) (414(q))
|
$110,000
|
$110,000
|
$105,000
|
$100,000
|
$100,000
|
$95,000
|
$90,000
|
$90,000
|
N/A
|
$90,000
|
$85,000
|
|
SIMPLE plans
|
$11,500
|
$11,500
|
$10,500
|
$10,500
|
$10,000
|
$10,000
|
$9,000
|
$8,000
|
$7,000
|
N/A
|
$6,500
|
|
SIMPLE plan catch up amount
|
$2,500
|
$2,500
|
2,500
|
$2,500
|
$2,500
|
$2,000
|
$1,500
|
$1,000
|
$500
|
N/A
|
N/A
|
|
SEP Coverage
|
$550
|
$550
|
$500
|
$500
|
$450
|
$450
|
$450
|
$450
|
N/A
|
$450
|
$450
|
|
SEP Compensation
|
$245,000
|
$245,000
|
$230,000
|
$225,000
|
$220,000
|
$210,000
|
$205,000
|
$200,000
|
$200,000
|
N/A
|
$170,000
|
|
2 Key employee officer threshold
|
$160,000
|
$160,000
|
$150,000
|
$145,000
|
$140,000
|
$135,000
|
$130,000
|
$130,000
|
$130,000
|
N/A
|
$70,000
|
|
3 Income Subject to Social Security Tax
|
$106,800
|
$106,800
|
$102,000
|
$97,500
|
$94,200
|
$90,000
|
$87,900
|
$87,000
|
N/A
|
$84,900
|
$80,400
|
|
Tax Credit ESOP Threshold Balance
|
$985,000
|
$985,000
|
$935,000
|
$915,000
|
$885,000
|
$850,000 .
|
$830,000
|
$810,000
|
N/A
|
$800,000
|
$780,000
|
|
Amount for Lengthening of 5-Year ESOP Period
|
$195,000
|
$195,000
|
$185,000
|
$180,000
|
$175,000
|
$170,000
|
$165,000
|
$160,000
|
N/A
|
$160,000
|
$155,000
|
|
IRA
|
$5,000
|
$5,000
|
$5000
|
$4000
|
$4000
|
$4,000
|
$3,000
|
$3,000
|
$3,000
|
$3,000
|
$2,000
|
|
IRA Catchup
|
$1,000
|
$1,000
|
$1000
|
$1000
|
$1000
|
$500
|
$500
|
$500
|
$500
|
.
|
.
|
| *EGTRRA changes effective for year beginning in 2002 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)) |
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