Retirement Contributions - 2009 and 2010

Maximum Elective Deferral to 401(k) and 403(b)………………………$16,500

Maximum Elective Deferral to SIMPLE IRA Plans…………………......$11,500

Maximum Annual Contribution to Defined Contribution Plans…………$49,000

Maximum Annual Contribution to Keogh or SEP-IRA………………….The lesser of 25% of W-2 or $49,000

Maximum Annual Compensation taken into account for contributions..$245,000

 

Catch-Up Contribution Limits:

Individuals who will be at least age 50 by the end of the year can make catch-up contributions

401(k) Plans…………………………………………………………………$5,500

SIMPLE Plans……………………………………………………………....$2,500