IRS and Social Security Cost-Of-Living Adjustments for 2002 - 2006
| IRS Limits |
2006 |
2005 |
2004 |
2003 |
2002 |
| DC Plan Annual Additions Limit |
$44,000 | $42,000 | $41,000 | $40,000 | $40,000 |
| DB Plan Limit on Annual Benefits |
$175,000 | $170,000 | $165,000 | $160,000 | $160,000 |
| Section 401(a)(17) Compensation Limit |
$220,000 | $210,000 | $205,000 | $200,000 | $200,000 |
| 401(k), SARSEP, & 403(b) Plan Deferrals/Catch-up |
$15,000/ $5,000 |
$14,000/ $4,000 |
$13,000/ $3,000 |
$12,000/ $2,000 |
$11,000/ $1,000 |
457 Plan Deferrals/Catch-up |
$15,000/ $5,000 |
$14,000/ $4,000 |
$13,000/ $3,000 |
$12,000/ $2,000 |
$11,000/ $1,000 |
SIMPLE Deferrals/Catch-up |
$10,000/ $2,500 |
$10,000/ $2,000 |
$9,000/ $1,500 |
$8,000/ $1,000 |
$7,000/ $500 |
IRA Contribution/Catch-up |
$4,000/ $1,000 |
$4,000/ $500 |
$3,000/ $500 |
$3,000/ $500 |
$3,000/ $500 |
| Highly Compensated Employee Compensation |
$100,000 | $95,000 | $90,000 | $90,000 | $90,000 |
Compensation Defining Key Employee (Officer) |
$140,000 | $135,000 | $130,000 | $130,000 | $130,000 |
| SEP Annual Compensation Triggering a Contribution | $450 | $450 | $450 | $450 | $450 |
| Social Security Wage Base |
2006 |
2005 |
2004 |
2003 |
2002 |
Social Security Taxable Wage Base (SSTWB) |
$94,200 |
$90,000 |
$87,900 |
$87,000 |
$84,900 |
|
Pension Benefit Guarantee Corporation |
2006 | 2005 | 2004 | 2003 | 2002 |
| Maximum Monthly Benefit | $3,971.59 |
Click here $3,801.14 |
$,3698.86 | $3,664.77 | $3,579.55 |
10-14-05 IRS 2006 COLA; Information Release 2005-120
10-14-05 SSA COLA for 2006
10-20-04 IRS Announces Pension Plan Limitations for 2005 in IR-2004-127
10-19-04 SSA COLA for 2005
11-13-03 PBGC Announces Maximum Guarantee for 2004
10-16-03 IRS News Release 2003-122
10-16-03 Social Security Taxable Wage Base for 2004 is $87,900
10-23-02 Rev. Proc. 2002-70 Inflation Adjusted Items for 2003
10-18-02 IRS News Release 2002-111
10-18-02 Social Security Taxable Wage Base for 2003 is $87,000
10-19-01 2002 IRS and SS Cost of Living