IRS Announces Pension Plan Limitations for 2011

Link: IRS Announces Pension Plan Limitations for 2011

Most of these things are unchanged, particularly the ones which come up most often for folks trying to figure out how much they can save.

  • Elective deferrals limit remains $16,500
  • Catch-ups for 50+ remain $5500
  • The 415(c)(1)(a) limit remains $49,000 and the annual compensation limit remains $245,000

There were some small adjustments to the ranges for certain phaseouts (ie. whether IRA contributions are deductible, whether you can contribute directly to a Roth IRA), and the AGI limit for the “saver’s credit” has gone up just a bit.

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