Elective Deferrals for 401(k) and 403(b) Plans *
Elective Deferral Catch-Up *
Maximum Annual Compensation *
Defined Contribution Annual Addition Limit **
Defined Benefit Annual Limit
Highly Compensated Threshold*
SIMPLE IRA Contribution Limit
SIMPLE IRA Catch Up Contribution
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2010
$16,500
$5,500
$245,000
$49,000
$195,000
$110,000
$11,500
$2,500
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2009
$16,500
$5,500
$245,000
$49,000
$195,000
$110,000
$11,500
$2,500
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2008
$15,500
$5,000
$230,000
$46,000
$195,000
$105,000
$10,500
$2,500
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* subject to cost of living adjustments in later years
** subject to cost of living adjustments in later years for each employee
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Source: http://www.irs.gov/retirement/article/0,,id=112858,00.html#6
1 Source: http://www.ssa.gov/OACT/COLA/cbb.html
The tax information contained in this material is based on federal laws existing on the date of its publication and is provided as a general information service by Howell Benefits. Neither Howell Benefits nor Tower Square Securities, Inc. offers tax or legal advice. You should consult your legal or tax advisor for more information on these subjects. Securities and Investment Advisory Services offered by representatives of Tower Square Securities, Inc. MemberFINRA/SIPC. Howell Benefits is a separate entity from Tower Square Securities, Inc. and is not a broker/dealer.
L1109075333 (exp 1210)(PA)
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