Retirement Planning Key Numbers 2009

For 2009, the retirement plan limits are as follows:

Annual Additions $49,000

Elective Deferrals  $16,500

Catch up Contributions  $5,500

Maximum Covered Compensation  $245,000

Social Security Wage Base  $106,800.  If you have a profit sharing plan formula integrated with social security, be sure to review whether the formula still makes sense as the social security wage base increases.

 © 2008 Parsonage Vandenack Williams LLC  

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