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