|
Plan Limits
Below are the IRS plan limits for 2007 through 2008. - HSA limits for
2009
| Limits |
2009 |
2008 |
2007 |
| IRA Contributions |
|
$5,000 |
$4,000 |
| IRA Catch-Up Contributions |
|
$1,000 |
$1,000 |
| Elective Deferral Limit (Individual 401k, 403b plans,
and SARSEPs) |
|
$15,500 |
$15,500 |
| 457 Deferral Limit |
|
$15,500 |
$15,500 |
| Catch-Up Contributions to a 401(k), 403(b), 457, and
SARSEP |
|
$5,000 |
$5,000 |
| SIMPLE 401(k) and SIMPLE
IRA Deferral limit |
|
$10,500 |
$10,500 |
| SIMPLE 401(k) and SIMPLE IRA Catch-Up Contributions |
|
$2,500 |
$2,500 |
| Coverdell ESA Contribution Limits |
|
$2,000 |
$2,000 |
| HSA Contribution Limits - Individual* |
$3,000 |
$2,900 |
$2,850 |
| HSA Contribution Limits - Family* |
$5,950 |
$5,800 |
$5,650 |
| HSA Catch-Up Limits |
$1,000 |
$900 |
$800 |
| HSA Max. Out-of-Pocket - Individual |
$5,800
|
$5600 |
$5,500 |
| HSA Max. Out-of-Pocket - Family |
$11,600 |
$11200 |
$11,000 |
| 415 DB Limits |
|
$185,000 |
$180,000 |
| Annual Compensation Limit |
|
$230,000 |
$225,000 |
| 415 DC Limits |
|
$46,000 |
$45,000 |
| 415 DC % of Pay Limit |
|
100% |
100% |
| 404 Deduction Limit |
|
25% |
25% |
| SEP Compensation Limit |
|
$230,000 |
$225,000 |
| Top-Heavy Plan Key Employee Compensation limit |
|
$150,000 |
$145,000 |
| 414 Highly Compensated Employee Threshold |
|
$105,000 |
$100,000 |
| SEP Coverage |
|
$500 |
$500 |
| Taxable Wage Base |
|
$102,500 |
$97,500 |
| Social Security Tax |
|
6.2% |
6.2% |
| Social Security Tax for Self Employed |
|
12.4% |
12.4% |
| FICA for Employees |
|
7.65% |
7.65% |
|
