10 Year COLA Summary Page (2010-2006)
(2005-2001 Here)
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Qualified Plans Limits |
2010 |
2009 |
2008 |
2007 |
2006 |
401(k), 403(b) and SARSEP maximum deferral [402(g)] |
$16,500 |
$16,500 |
$15,500 |
$15,500 |
15,000 |
457 maximum deferral |
16,500 |
16,500 |
15,500 |
15,500 |
15,000 |
Catch-Up for 401(k), 403(b), SARSEP, and 457 |
5,500 |
5,500 |
5,000 |
5,000 |
5,000 |
SIMPLE election maximum deferral |
11,500 |
11,500 |
10,500 |
10,500 |
10,000 |
Catch-Up for SIMPLE |
2,500 |
2,500 |
2,500 |
2,500 |
2,500 |
DB - annual benefit |
195,000 |
195,000 |
185,000 |
180,000 |
175,000 |
DC - annual contributions |
49,000 |
49,000 |
46,000 |
45,000 |
44,000 |
IRA limit |
5,000 |
5,000 |
5,000 |
4,000 |
4,000 |
IRA catch up |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
Compensation Limits |
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Maximum compensation |
245,000 |
245,000 |
230,000 |
225,000 |
220,000 |
SEP annual compensation floor |
550 |
550 |
500 |
500 |
450 |
Highly compensated employees |
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Any employee compensation |
110,000 |
110,000 |
105,000 |
100,000 |
100,000 |
Key Employees |
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Officer compensation |
160,000 |
160,000 |
150,000 |
145,000 |
140,000 |
10 largest owners |
- |
- |
- |
- |
- |
1% owner |
150,000 |
150,000 |
150,000 |
150,000 |
150,000 |
Converted Compensation Limits |
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Social Security |
106,800 |
106,800 |
102,000 |
97,500 |
94,200 |
Medicare |
no limit |
no limit |
no limit |
no limit |
no limit |
Self-Employment Tax Rate |
|||||
Self-employment tax rate |
12.40% |
12.40% |
12.40% |
12.40% |
12.40% |
Medicare rate |
2.90% |
2.90% |
2.90% |
2.90% |
2.90% |
Combined rate |
15.30% |
15.30% |
15.30% |
15.30% |
15.30% |
Social Security Tax Rate |
|||||
Social security rate |
6.20% |
6.20% |
6.20% |
6.20% |
6.20% |
Medical rate |
1.45% |
1.45% |
1.45% |
1.45% |
1.45% |
Combined rate |
7.65% |
7.65% |
7.65% |
7.65% |
7.65% |
