Key Limitation Numbers

2006 2007 2008 2009 2010
Maximum annual benefit $175,000 $180,000 $185,000 $195,000 $195,000
Maximum annual contribution $44,000 $45,000 $46,000 $49,000 $49,000
Maximum 401(k) deferral $15,000 $15,500 $15,500 $16,500 $16,500
401(k) deferral catchup (over age 50) $5,000 $5,000 $5,000 $5,500 $5,500
Maximum SIMPLE deferral $10,000 $10,500 $10,500 $11,500 $11,500
SIMPLE catch-up (over age 50) $2,500 $2,500 $2,500 $2,500 $2,500
Maximum IRA contribution $4,000 $4,000 $5,000 $5,000 $5,000
IRA catch-up (over age 50) $1,000 $1,000 $1,000 $1,000 $1,000
Annual compensation limit $220,000 $225,000 $230,000 $245,000 $245,000
Social Security Wage Base $94,200 $97,500 $102,000 $106,800 $106,800
Medicare maximum Unlimited Unlimited Unlimited Unlimited Unlimited
Compensation threshold for Highly Compensated Employees $100,000 $100,000 $105,000 $110,000 $110,000
Income (exclusion) threshold for SEPs $450 $500 $500 $550 $550
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