News Archives
2009 Plan Contribution Limits
October 17th, 2008
On October 16, 2008, the Internal Revenue Service announced cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2009. We have presented a few of the more important plan limits below. For more information, please visit the IRS website or contact us at 1-800-594-7700.
|
Description
|
2008
|
2009
|
| 401(k) Deferrals |
15,500
|
16,500
|
| 401(k) Catch-Up Deferrals (Age 50+) |
5,000
|
5,500
|
| SIMPLE Deferrals |
10,500
|
11,500
|
| SIMPLE Catch-Up Deferrals (Age 50+) |
2,500
|
2,500
|
| DC Plan Contribution Limit (Section 415) |
46,000
|
49,000
|
| Plan Compensation Limit |
230,000
|
245,000
|
| HCE Compensation Limit |
105,000
|
110,000
|
| SS Taxable Wage Base |
|
|
