Annual Plan Limits
The following are the IRS released limits for 2010:
| Plan Limits | 2011 | 2010 | 2009 |
|---|---|---|---|
| 401(k), 403(b), Profit-Sharing Plans, etc. | |||
| Annual Compensation - 401(a)(17)/404(l) | $245,000 | $245,000 | $245,000 |
| Elective Deferrals - 402(g)(1) | $16,500 | $16,500 | $15,500 |
| Catch-up Contributions - 414(v)(2)(B)(i) | $5,500 | $5,500 | $5,000 |
| SIMPLE Plans | |||
| SIMPLE Maximum Contributions - 408(p)(2)(E) | $11,500 | $11,500 | $10,500 |
| Catch-up Contributions - 414(v)(2)(B)(ii) | $2,500 | $2,500 | $2,500 |
| 457 Elective Deferrals - 457(e)(15) | $16,500 | $16,500 | $15,500 |
| IRAs | |||
| IRA Contribution Limit - 219(b)(5)(A) | $5,000 | $5,000 | $5,000 |
| IRA Catch-Up Contributions - 219(b)(5)(B) | $1,000 | $1,000 | $1,000 |
| IRA AGI Deduction Phase-out Starting at | |||
| Joint Return | $90,000 | $89,000 | $89,000 |
| Single or Head of Household | $56,000 | $56,000 | $55,000 |
| Defined Contribution Limits - 415(c)(1)(A) | $49,000 | $49,000 | $46,000 |
| Defined Benefit Limits - 415(b)(1)(A) | $195,000 | $195,000 | $185,000 |
| Includible Compensation | $245,000 | $245,000 | $230,000 |
| ESOP Limits - 409(o)(1)(C) | $985,000 | $985,000 | $985,000 |
| Taxable Wage Base | $106,800 | $106,800 | $102,000 |
| SEP | |||
| SEP Minimum Compensation - 408(k)(2)(C) | $550 | $550 | $500 |
| SEP Maximum Compensation - 408(k)(3)(C) | $245,000 | $245,000 | $245,000 |
| Other | |||
| Key Employee - 416(i)(1)(A)(i) | $160,000 | $160,000 | $150,000 |
| HCE Threshold - 414(q)(1)(B) | $110,000 | $110,000 | $105,000 |
| Control Employee - 1.61-21(f)(5)(i) | $95,000 | $95,000 | $95,000 |
| Control Employee - 1.61-21(f)(5)(iii) | $195,000 | $195,000 | $195,000 |