Publication

November 2, 2010Client Alert

IRS Announces Retirement Plan Limits for 2011

In mid-October 2010, the IRS released the cost of living adjustments for various retirement plan limitations for 2011. The retirement plan limits in effect for 2010 through 2011 are as follows:

Retirement Plan Limitations

2011

2010

Compensation LimitCode Section 401(a)(17)

$245,000

$245,000

Maximum Benefit/Contribution Limits – Code Section 415

Defined Contribution Plan Limit

$49,000

$49,000

Defined Benefit Plan Limit

$195,000

$195,000

Elective Contribution Limits

401(k), 403(b), 457(b) and SARSEP Contributions

$16,500

$16,500

Catch-up Contributions for 401(k), 403(b), 457(b) and SARSEP

$5,500

$5,500

SIMPLE 401(k) Plans

$11,500

$11,500

Catch-up Contributions for SIMPLE 401(k)

$2,500

$2,500

Highly Compensated Employee – Code Section 414(q)

Annual Compensation for determining Highly Compensated Employees

$110,000

$110,000

Top Heavy Status – Code Section 416

Officer Compensation for determining Key Employees

$160,000

$160,000

Social Security Wage Base

$106,800

$106,800

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