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Pension
10 Year COLA Summary Page 2 (2003-1999) (2008-2004 Here)
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Qualified Plans Limits |
2003 |
2002 |
2001 |
2000 |
1999 |
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401(k), 403(b) and SARSEP maximum deferral [402(g)] |
12,000 |
11,000 |
10,500 |
10,500 |
10,000 |
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457 maximum deferral |
12,000 |
11,000 |
8,500 |
8,000 |
8,000 |
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Catch-Up for 401(k), 403(b), SARSEP, and 457 |
2,000 |
1,000 |
- |
- |
- |
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SIMPLE election maximum deferral |
8,000 |
7,000 |
6,500 |
6,000 |
6,000 |
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Catch-Up for SIMPLE |
1,000 |
500 |
- |
- |
- |
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DB - annual benefit |
160,000 |
160,000 |
140,000 |
135,000 |
130,000 |
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DC - annual contributions |
40,000 |
40,000 |
35,000 |
30,000 |
30,000 |
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Compensation Limits |
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Maximum compensation |
200,000 |
200,000 |
170,000 |
170,000 |
160,000 |
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SEP annual compensation floor |
450 |
450 |
450 |
400 |
400 |
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Highly compensated employees |
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Any employee compensation |
90,000 |
90,000 |
85,000 |
85,000 |
80,000 |
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Key Employees |
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Officer compensation |
130,000 |
130,000 |
70,000 |
67,500 |
65,000 |
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10 largest owners |
- |
- |
35,000 |
30,000 |
30,000 |
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1% owner |
150,000 |
150,000 |
150,000 |
150,000 |
150,000 |
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Converted Compensation Limits |
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Social Security |
87,000 |
84,900 |
80,400 |
76,200 |
72,600 |
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Medicare |
no limit |
no limit |
no limit |
no limit |
no limit |
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