Pension Limits and Thresholds
|
Limits on Benefits and Compensation |
IRC § |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
|
Maximum Annual Pension (DB) |
415(b)(1)(A) |
$195,000 |
$185,000 |
$180,000 |
$175,000 |
$170,000 |
$165,000 |
|
Maximum Annual Addition (DC) |
415(c)(1)(A) |
$49,000 |
$46,000 |
$45,000 |
$44,000 |
$42,000 |
$41,000 |
|
401(k) & 403(b) Elective Deferral |
402(g)(1) |
$16,500 |
$15,500 |
$15,500 |
$15,000 |
$14,000 |
$13,000 |
|
|
457(b)(2) and 457(c)(1) |
$16,500 |
$15,500 |
$15,500 |
$15,000 |
$14,000 |
$13,000 |
|
Social Security Wage Base |
|
$106,800 |
$102,000 |
$97,500 |
$94,200 |
$90,000 |
$87,900 |
|
Annual Compensation Limit for Grandfathered Participants in Governmental Plans Which Followed 401(a)(17) Limits (With Indexing) on July 1, 1993 |
401(a)(17) |
$360,000 |
$345,000 |
$335,000 |
$325,000 |
$315,000 |
$305,000 |
|
SIMPLE Retirement Accounts |
408(p)(2)(A) |
$11,500 |
$10,500 |
$10,500 |
$10,000 |
$10,000 |
$9,000 |
|
SEP Coverage |
408(k)(2)(C) |
$550 |
$500 |
$500 |
$450 |
$450 |
$450 |
|
SEP Compensation |
408(k)(3)(C) |
$245,000 |
$230,000 |
$225,000 |
$220,000 |
$210,000 |
$205,000 |
|
Tax Credit ESOP Maximum Balance |
409(o)(1)(C)(ii) |
$985,000 |
$935,000 |
$915,000 |
$885,000 |
$850,000 |
$830,000 |
|
Annual Compensation Limit |
401(a)(17) and 404(l) |
$245,000 |
$230,000 |
$225,000 |
$220,000 |
$210,000 |
$205,000 |
|
Annual Catch-Up Contribution for Aged 50 & Over by year end – SIMPLE 401(k) Plan |
414(v)(2)(B)(ii) 401(k)11 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,000 |
$1,500 |
|
Annual Catch-Up Contribution for Aged 50 & Over by year end – SIMPLE IRA |
414(v)(2)(B)(ii) 408(p) |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,000 |
$1,500 |
|
Annual Catch-Up Contribution for Aged 50 & Over by year end – Other than 408(p) & 401(k)11 |
414(v)(2)(B)(i)
|
$5,500 |
$5,000 |
$5,000 |
$5,000 |
$4,000 |
$3,000 |
|
Highly Compensated |
414(q)(1)(B) |
$110,000 |
$105,000 |
$100,000 |
$100,000 |
$95,000 |
$90,000 |