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IMPORTANT INFORMATION
The IRS has announced the 2010 cost-of-living adjustments for various retirement plan dollar limits.
Cost of Living Adjustments
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2008
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2009
|
2010
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| Section 401(a)(17) limit on annual compensation recognizable for retirement plan purposes |
230,000
|
245,000 |
245,000 |
| Social Security (OASDI) Wage Base |
102,000 |
106,800 |
106,800 |
| Section 401(k) pre-tax contribution limit |
15,500 |
16,500 |
16,500
|
| Catch-up Contribution (age 50 & over) |
5,000 |
5,500 |
5,500
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| Highly Compensated Employee Definition |
105,000 |
110,000 |
110,000 |
| 415 Limitation for D/C Plans |
46,000 |
49,000 |
49,000
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*Please contact your RPA consultant if you have any questions.
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