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IRS and Social Security Cost-Of-Living Adjustments for 2002-2006
Updated 10/21/05, E-mail Alert 2005-21
IRS Limits |
2006 |
2005 |
2004 |
2003 |
2002 |
| 401(k) SARSEP, & 403(b) Plan Deferrals/Catch-up |
$15,000/
$5,000 |
$14,000/
$4,000 |
$13,000/
$3000 |
$12,000/
$2,000 |
$11,000/
$1,000 |
| 457 Plan Deferrals/Catch-up |
$15,000/
$5,000 |
$14,000/
$4,000 |
$13,000/
$3000 |
$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 |
| DC Plan Annual Additions Limit |
$44,000 |
$42,000 |
$41,000 |
$40,000 |
$40,000 |
| DB Plan Limit on Annual Benefits |
$175,00 |
$170,000 |
$165,000 |
$160,000 |
$160,000 |
| Section 401(a)(17) Compensation Limit |
$220,000 |
$210,000 |
$205,000 |
$200,000 |
$200,000 |
| 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 |
| IRA Contribution/Catch-up |
$4,000/
$1,000 |
$4,000/
$500 |
$3,000/
$500 |
$3,000/
$500 |
$3,000/
$500 |
| 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 |
$3,801.14 |
$3,698.86 |
$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 Limitation on 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 Social Security Taxable Wage Base for 2003 is $87,000
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To learn more, call 973-492-1880 or e-mail info@mhco.com.
© 2012, McKay Hochman Co., Inc. All rights reserved.
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