Retirement Plans

Contribution Limits

The IRS and DOL require certain annual reporting and filings in order to keep your retirement plan qualified. Additionally, the contributions to retirement plans are limited based on those published annually by the IRS and DOL.

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Qualified Plan Limitations201220112010
Annual Compensation (Plan years beginning) $250,000 $245,000 $245,000
Elective Deferrals $17,000 $16,500 $16,500
Catch-up Contributions $5,500 $5,500 $5,500
Highly Compensated Employee Threshold $115,000 $110,000 $110,000
Defined Contribution Plan Annual Addition (Limitation years ending) $50,000 $49,000 $49,000
Key Employee (Officer threshold) $165,000 $160,000 $160,000
Social Security (Taxable) Wage Base $110,100 $106,800 $106,800
Defined Benefit Maximum Annual Benefit $200,000 $195,000 $195,000

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