Retirement
Plan Limits for 2005 and Earlier
printer friendly
|
|
2004 |
2003 |
2002 With EGTRRA | 2002 Without EGTRRA | |
Defined Benefit Plan Dollar Limit IRC §415(b)(1)(A) |
$170,000 | $165,000 |
$160,000 |
$160,000 |
$140,000 |
Defined Contribution Plan Limit IRC §415(c)(1)(A) |
$42,000 | $41,000 | $40,000 | $40,000 | $35,000 |
401(k)/403(b) Elective Deferral Limit IRC §402(g)(1) |
$14,000 | $13,000 | $12,000 | $11,000 | $11,000 |
Governments/Tax-Exempts Deferral Limit IRC §457(e)(15) |
$14,000 | $13,000 | $12,000 | $11,000 | $8,500 |
401(k)/403(b)/457/SEP "Catch Up" Limit IRC §414(v)(2)(B)(i) |
$4,000 | $3,000 | $2,000 | $1,000 |
--- |
Annual Compensation Limit IRC §§401(a)(17), 404(l) |
$210,000 | $205,000 | $200,000 | $200,000 | $180,000 |
Highly Compensated Employee (HCE) Limit IRC §414(q)(1)(B) Compensation exceeding limit will make someone an HCE next year. |
$95,000 | $90,000 | $90,000 | $90,000 | $90,000 |
Key Employee Officer Compensation IRC §416(i)(1)(A)(i) |
$135,000 | $130,000 | $130,000 | $130,000 | $70,000 |
SEP Minimum Compensation IRC §408(k)(2)(C) |
$450 | $450 | $450 | $450 | $450 |
SEP Compensation IRC §408(k)(3)(C) |
$210,000 | $205,000 | $200,000 | $200,000 | $200,000 |
SIMPLE Employee Contribution Limit IRC §408(p)(2)(E) |
$10,000 | $9,000 | $8,000 | $7,000 | $6,500 |
SIMPLE "Catch-Up" Deferral Limit IRC §414(v)(2)(B)(ii) |
$2,000 | $1,500 | $1,000 | $500 |
--- |