Watkins Uiberall Certified Public Accountants Watkins Uiberall Healthcare Consulting Group Watkins Uiberall Plan Administration Consulting

Contribution Limits

 

Maximum Limits For: 2011 2010 2009
Annual Compensation Limit: $245,000 $245,000 $245,000
Annual Contribution Limit: $49,000 $49,000 $49,000
401(k) Deferral Limit: $16,500 $16,500 $16,500
401(k) Catch-up Contribution Limit*: $5,500 $5,500 $5,500
SIMPLE IRA Deferral Limit: $11,500 $11,500 $11,500
SIMPLE IRA Catch-up Contribution Limit*: $2,500 $2,500 $2,500
Social Security Wage Base: $106,800 $106,800 $106,800

*Catch-up Contributions are available to all employees who are age 50 or older at any time during the plan year.