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Retirement Plan Limits

The following chart illustrates the cost of living adjustments to dollar limits under Employee Benefit Plans:

Type of Limitation 2010 2009 2008 2007
Defined Contribution
Maximum Contribution
$49,000 $49,000 $46,000 $45,000
Defined Benefit Maximum Benefit $195,000 $195,000 $185,000 $180,000
Annual Compensation Limit $245,000 $245,000 $230,000 $225,000
Elective Deferrals
(401(k), 403(b), etc.) / Catch-Up Contributions
$16,500 / $5,500 $16,500 / $5,500 $15,500 / $5,000 $15,500 / $5,000
457 Plan Limits / Catch-Up Contributions $16,500 / $5,500 $16,500 / $5,500 $15,500 / $5000 $15,500 / $5,000
SIMPLE Retirement Accounts / Catch-Up Contributions $11,500 / $2,500 $11,500 / $2,500 $10,500 / $2,500 $10,500 / $2,500
Highly Compensated $110,000 $110,000 $105,000 $100,000
Social Security
Taxable Wage Base
$106,800 $106,800 $102,000 $97,500