IRS Announces 2011 Plan Contribution and Benefit Limits

On October 28, 2010, the Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2011. In general, these limits will remain unchanged from 2010, as they relate to defined contribution plans. See the chart below for further details.

  2011 2010 2009
RETIREMENT PLANS      
Annual Compensation Limits - 401(a)(17)/404(l) 245,000 245,000 245,000
Elective Deferrals 401(k)/403(b) - 402(g)(1) 16,500 16,500 16,500
Catch-up Contributions - 414(v)(2)(B)(i) 5,500 5,500 5,500
457 Elective Deferrals - 457(e)(15) 16,500 16,500 16,500
Defined Contribution Limits - 415(c)(1)(A) 49,000 49,000 49,000
Annual Compensation Limits - 401(a)(17)/404(1) 245,000 245,000 245,000
Annual Compensation Limit for eligible participants in certain governmental plans in effect as of July 1, 1993 - 401(a)(17) 360,000 360,000 360,000
OTHER      
Highly Compensated Employee Threshold - 414(q)(1)(B) 110,000 110,000 110,000
Defined Benefit Limits - 415(b)(1)(A) 195,000 195,000 195,000
Key Employee - 416(i)(1)(A)(i) 160,000 160,000 160,000
Social Security Taxable Wage Base 106,800 106,800 106,800
IRAs      
IRA Contribution Limit - 219(b)(5)(A) 5,000 5,000 5,000
IRA Catch-Up Contributions - 219(b)(5)(B) 1,000 1,000 1,000
ROTH IRAs      
Adjusted Gross Income (AGI) for determining maximum Roth IRA contribution – married filing jointly or qualifying widow(er) 169,000 167,000 166,000
AGI for determining maximum Roth IRA contribution – Other filing status 107,000 105,000 105,000
SEP      
SEP Minimum Compensation - 408(k)(2)(C) 550 550 550
SEP Maximum Compensation - 408(k)(3)(C) 245,000 245,000 245,000
SIMPLE Plans      
SIMPLE Maximum Contributions - 408(p)(2)(E) 11,500 11,500 11,500
SIMPLE Catch-up Contributions - 414(v)(2)(B)(ii) 2,500 2,500 2,500

 

All figures in dollars.

FOR INSTITUTIONAL INVESTOR USE ONLY.

TIAA-CREF NEWS ARCHIVE

© 2013 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017