FAQ's - Retirement Planning
What are the 2011 Individual 401(k) Deferral Limitations for Retirement Plans?
The 401(k) contribution for 2011 is limited to $16,500. If you are over age 50, you can contribute an additional $5,500.
What are the 2010 Individual 401(k) Deferral Limitations for Retirement Plans?
The 401(k) contribution for 2010 is limited to $16,500. If you are over age 50, you can contribute an additional $5,500.
What are the 2011 Maximum Defined Contribution Plan Limitations?
The aggregate contribution for defined contribution plans for 2011 is limited to $49,000. The profit sharing contribution for 2011 can be up to 25% of $245,000, not to exceed $49,000.
What are the 2010 Maximum Defined Contribution Plan Limitations?
The aggregate contribution for defined contribution plans for 2010 is limited to $49,000. The profit sharing contribution for 2010 can be up to 25% of $245,000 not to exceed $49,000.
What is the 2011 Annual Compensation Limit for Retirement Plans?
The 2011 annual compensation limit is $245,000.
What is the 2010 Annual Compensation Limit for Retirement Plans?
The 2010 annual compensation limit is $245,000.
What are the 2010 Maximum Defined Benefit Plan Limitations?
The defined benefit plan annual benefit for 2010 is limited to $195,000.
What are the 2011 Maximum Defined Benefit Plan Limitations?
The defined benefit plan annual benefit for 2011 is limited to $195,000.
