2011 Benefit Limits from the IRS

The IRS has announced cost of living adjustments (COLA) that affect dollar limitations for pension plans and other retirement related items for tax year 2011. According to its posting on the IRS website, "In general, these limits will either remain unchanged, or the inflation adjustments for 2011 will be small."

To read the IRS's entire announcement, click here.

We have summarized the limits in the chart below. Click here for a pdf file that you can print for easy reference.

Internal Revenue Code Limitation	2010	2011
402(g)(1) limit for elective deferrals under 401(k) plans	$16,500	$16,500
408(p)(2)(E) limitation regarding SIMPLE retirement accounts	$11,500	$11,500
401(a)(17) and 404(1) annual compensation limit	$245,000	$245,000
Social Security Taxable Wage Base	$106,800	$106,800
401(k), 403(b) and 457 catch-up contribution limit	$5,500	$5,500
SIMPLE plan catch-up contribution	$2,500	$2,500
415(b)(1)(A) annual defined benefit plan limit	$195,000	$195,000
4159c)(1)(A) annual defined contribution plan limit	$49,000	$49,000
408(k)(s)(C) compensation amount	$550	$550

2011 Benefit Limits from the IRS

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