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Please use the information on this page as a guideline. Some of the limits shown here may not apply to a retirement plan you now have, or to a plan you may be considering.
PLAN LIMITS by calendar and/or plan year
Salary Deferral limit (402)g - The maximum amount that a participant can defer in a calendar year.
Over age 50 Catch-up extra deferral contribution (can be made by participants over age 50 in addition to the maximum deferral
Defined Contribution plan annual additions limit (415) per participant per year - The maximum dollar amount that can be allocated to a participant's account in a plan year.
Defined Contribution plan annual additions limit (415) per participant per year - The maximum percentage of compensation that can be allocated to a participant's account in a plan year.
Maximum Annual Salary - The maximum salary that can be taken into account in a plan year to use as a basis for contribution allocation or benefit calculation.
Minimum Annual Salary for Highly Compensated Employee (HCE) Definition - The salary amounts used to determine who is a highly compensated employee for testing purposes.
HCE if top paid group *For plan years beginning after 1996, an employer can elect whether or not the "top paid group" determination method is used.
Minimum Annual Salary for Key Employee definition - The salary minimum used to determine who is a key employee for testing purposes in a Top-heavy plan.
Social Security Taxable Wage Base
Defined Benefit annual benefit limit (415)
SEP minimum compensation floor - Employees earning less than this amount annually can be excluded from participation in a Simplified Employee Pension plan.
Maximum annual corporate deduction limit (% of all eligible participants' salaries) for contributions
Defined Benefit plans (for all years, calculated maximum actuarial liability) For plan years beginning in 2002 and later, the deduction limit does not include 401(k) deferral contributions. In addition, the deduction limit is calculated based upon total compensation before deferrals are withheld.
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