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2005-2009 COMPARISON TABLE
BENEFIT AND CONTRIBUTION LIMITS FOR QUALIFIED RETIREMENT PLANS
Under The Economic Growth and Tax Relief Reconciliation Act of 2001
| |
2005 |
2006 |
2007 |
2008 |
2009 |
| Elective Deferrals [401(k), 403(b)] |
$14,000 |
$15,000 |
$15,500 |
$15,500 |
$16,500 |
| Catch-up Contributions [401(k), 403(b), SARSEP and 457 Plans] for participants age 50 and over |
$4,000 |
$5,000 |
$5,000 |
$5,000 |
$5,500 |
| SIMPLE Plan Deferral Limit |
$10,000 indexed in
$500
increments |
$10,000 indexed in
$500
increments |
$10,500 indexed in
$500
increments |
$10,500 indexed in
$500
increments |
$11,500 indexed in
$500
increments |
| Catch-up Contributions SIMPLE Plan |
$2,000 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
| 457 Plan Deferral Limit |
$14,000 |
$15,000 |
$15,500 |
$15,500 |
$16,500 |
| Defined Contribution (maximum annual contribution) |
$42,000 indexed in
$1,000
increments |
$44,000 indexed in
$1,000
increments |
$45,000 indexed in
$1,000
increments |
$46,000 indexed in
$1,000
increments |
$49,000 indexed in
$1,000
increments |
| Defined Benefit (maximum annual benefit) |
$170,000 indexed in
$5,000
increments |
$175,000 indexed in
$5,000
increments |
$180,000 indexed in
$5,000
increments |
$185,000 indexed in
$5,000
increments |
$195,000 indexed in
$5,000
increments |
| Annual Compensation Limit (qualified plans & SEPs) |
$210,000 indexed in
$5,000
increments |
$220,000 indexed in
$5,000
increments |
$225,000 indexed in
$5,000
increments |
$230,000 indexed in
$5,000
increments |
$245,000 indexed in
$5,000
increments |
| SEP Annual Minimum Compensation Amount |
$450 |
$450 |
$500 |
$500 |
$550 |
| Highly Compensated Employee (compensation amt) |
$95,000 |
$100,000 |
$100,000 |
$105,000 |
$110,000 |
| Key Employee |
$150,000 |
$150,000 |
$150,000 |
$150,000 |
$160,000 |
| Taxable Wage Base |
$90,000 |
$94,200 |
$97,500 |
$102,000 |
$106,800 |
IRA Annual Contribution Limit Catch up contributions for individuals age 50 or over |
$4,000 $500 |
$4,000 $1,000 |
$4,000 $1,000 |
$5,000 $1,000 |
$5,000 $1,000 |
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