RETIREMENT PLAN LIMITS
2010
(no change from 2009)
Defined Contribution (IRC
§415(c)) $49,000
Defined Benefit (IRC
§415(b)) $195,000
Defined Contribution (IRC
§401(a)(17)) $245,000
Salary Deferral (401(k), SARSEP, 403(b), 457) $16,500
Catch-Up - age 50+ (401(k), SARSEP, 403(b), 457)) $5,500
Salary Deferral (SIMPLE) $11,500
Catch-Up - age 50+ (SIMPLE) $2,500
Highly Compensated
Employee $110,000
Key Employee
(officer)
$160,000
Social Security Taxable Wage
Base $106,800
IRA $5,000
Catch-Up - age 50+ (IRA) $1,000
Income Limit Phaseout for Deductible
IRA $89,000 (married - filing jointly
- phaseout begins)
$55,000 (single
- phaseout begins)
Income Limit Phaseout for Roth IRA $166,000
(married - filing jointly - phaseout begins)
$105,000 (single
- phaseout begins)
2009
Defined Contribution (IRC
§415(c)) $49,000
Defined Benefit (IRC
§415(b)) $195,000
Defined Contribution (IRC
§401(a)(17)) $245,000
Salary Deferral (401(k), SARSEP, 403(b), 457) $16,500
Catch-Up - age 50+ (401(k), SARSEP, 403(b), 457)) $5,500
Salary Deferral (SIMPLE) $11,500
Catch-Up - age 50+ (SIMPLE) $2,500
Highly Compensated
Employee $110,000
Key Employee
(officer)
$160,000
Social Security Taxable Wage
Base $106,800
IRA $5,000
Catch-Up - age 50+ (IRA) $1,000
Income Limit Phaseout for Deductible
IRA $89,000 (married - filing jointly
- phaseout begins)
$55,000 (single
- phaseout begins)
Income Limit Phaseout for Roth IRA $166,000
(married - filing jointly - phaseout begins)
$105,000 (single
- phaseout begins)
2008
Defined Contribution (IRC
§415(c)) $46,000
Defined Benefit (IRC
§415(b)) $185,000
Defined Contribution (IRC
§401(a)(17)) $230,000
Salary Deferral (401(k), SARSEP, 403(b), 457) $15,500
Catch-Up - age 50+ (401(k), SARSEP, 403(b), 457)) $5,000
Salary Deferral (SIMPLE) $10,500
Catch-Up - age 50+ (SIMPLE) $2,500
Highly Compensated
Employee $105,000
Key Employee
(officer) $150,000
Social Security Taxable Wage
Base $102,000
IRA $5,000
Income Limit Phaseout for Deductible
IRA $85,000
- $105,000 (married - filing jointly)
$53,000
- $63,000 (single)
Income Limit Phaseout for Roth IRA $159,000 - $166,000
(married - filing jointly)
$101,000 - $111,000 (single)
Note: For fiscal year retirement plans, the limits in effect at the
beginning of the plan year will generally apply.
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IRS Circular 230 Notice: Advice rendered in this communication, including attachments, on U.S. tax issues (i) is not intended or written to be used, and it cannot be used, for the purpose of avoiding penalties that may be imposed by the IRS on taxpayers, and (ii) may not be used or referred to in promoting, marketing or recommending a partnership or other entity, investment plan or arrangement. This notice is intended to comply with Section 10.35 of IRS Circular 230.