| ·
COLA Limits (Cost
of Living Adjustment) |
|
COLA
TYPE |
2010 |
2009 |
2008 |
2007 |
| 401(k)
Elective
Deferrals |
$16,500 |
$16,500 |
$15,500 |
$15,500 |
| Catch-Up
For
401(k)
(50
years
or
older) |
$5,500 |
$5,500 |
$5,000 |
$5,000 |
| Defined
Benefit
Plan
Limits |
$195,000 |
$195,000 |
$185,000 |
$180,000 |
| Defined Contribution
Plan
Benefits |
$49,000 |
$49,000 |
$46,000 |
$45,000 |
| Annual Compensation
Limits |
$245,000 |
$245,000 |
$230,000 |
$225,000 |
|
457
Deferral Limits |
$16,500 |
$16,500 |
$15,500 |
$15,500 |
| 457 Catch-Up |
$5,500 |
$5,500 |
$5,000 |
$5,000 |
| Highly
Compensated
Threshold |
$110,000 |
$110,000 |
$105,000 |
$100,000 |
| SIMPLE
Contribution
Limits |
$10,500 |
$10,500 |
$10,500 |
$10,500 |
| Catch-Up
For
SIMPLE |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
| Social
Security
Tax
Wage
Base |
$106,800 |
$106,800 |
$102,000 |
$97,500 |
| FICA
Tax
for employees
and
employers |
7.65% |
7.65% |
7.65% |
7.65% |
| Social
Security
Tax
for
employees
and
employers |
6.20% |
6.20% |
6.20% |
6.20% |
| Medicare
Tax
for
employees
and
employers |
1.45% |
1.45% |
1.45% |
1.45% |
| FICA
Tax
for
self-employed
workers |
15.30% |
15.30% |
15.30% |
15.30% |
| Social
Security
Tax
for
self-employed
workers |
12.40% |
12.40% |
12.40% |
12.40% |
| Medicare
Tax
for
self-employed
workers |
2.90% |
2.90% |
2.90% |
2.90% |
|
|
|
|
