2010

2009

2008

2007 

Compensation*

$245,000

$245,000

$230,000

$225,000

Limits on benefits and contributions:

Defined contribution plans

$49,000

$49,000

$46,000

$45,000

Defined benefit plans

$195,000

$195,000

$185,000

$180,000

401(k), 403(b) and 457 plan elective deferrals

$16,500

$16,500

$15,500

$15,500

SIMPLE plan elective deferrals

$11,500

$11,500

$10,500

$10,500

IRA

$5,000

$5,000

$5,000

$4,000

Catch-up contributions:

401(k), 403(b) and 457 plans

$5,500

$5,500

$5,000

$5,000

SIMPLE plans

$2,500

$2,500

$2,500

$2,500

IRA

$1,000

$1,000

$1,000

$1,000

"Highly Compensated" definition*

$110,000

$110,000

$105,000

$105,000

"Key Employee" definition:

Officer*

$160,000

$160,000

$150,000

$145,000

1% owner*

$150,000

$150,000

$150,000

$150,000

Social Security:

Taxable wage base

$106,800

$106,800

$102,000

$97,500

Social Security tax rate

6.20%

6.20%

6.20%

6.20%

Medicare tax rate

1.45%

1.45%

1.45%

1.45%

Combined tax rate

7.65%

7.65%

7.65%

7.65%

Section 132:

Mass Transit (monthly)

$230 

$230**

$115

$110

Parking (monthly)

$230 

$230

$220

$215