IRS Announces Pension Plan Limitations for 2011

Services:

Bostonian Group

Type:

alerts

The Internal Revenue Service (IRS) recently announced cost of living adjustments affecting contribution limits for qualified plans for the tax year 2011, leaving the majority of limits unchanged.

Effective January 1, 2011, the following limits (along with the figures for 2010) apply:

	2010	2011
Compensation Limit for Plan Purposes	$245,000	$245,000
Defined Benefit Plan Annual Benefit Limit	$195,000	$195,000
Defined Contribution Plan Annual Contribution Limit	$49,000	$49,000
401(k)/ 403(b)/ 457 Plan Elective Deferral Limit	$16,500	$16,500
401(k)/ 403(b)/ 457 Plan Catch-up for Participants Age 50 or Over	$5,500	$5,500
Highly Compensated Employee	$110,000	$110,000
Key Employee	$160,000	$160,000
Social Security Taxable Wage Base	$106,800	$106,800

If you have any questions or would like more information please don't hesitate to contact your Bostonian Group Retirement Consultant at

(617) 587-2300.

Bostonian Group is a part of Marsh & McLennan Agency, LLC (MMA) and a division of MMC Securities Corp. (MMCSC). Securities offered through MMCSC, member FINRA/ SIPC, and a federally registered investment advisor. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone 201-284-3614. Variable insurance products distributed through MMA. MMCSC and MMA are affiliates owned by Marsh & McLennan Companies, Inc.

Information contained in this document has been obtained from third parties. While the information is believed to be reliable, we have not sought to verify it. As such, we make no representations or warranties as to the accuracy of the information presented and take no responsibility or liability for any error, omission or inaccuracy therein.

MMC Securities and its representatives do not provide tax, lega or accounting advice.

This material may not be distributed without the express consent of MMC Securities Corp.


Bostonian Group 500 Boylston Street, 3rd Floor, Boston MA 02116 Tel. 617-587-2300 Email. info@bosgroup.com Check Mail © 2012 Bostonian Group	Powered by Getfused

Bostonian Group is a part of Marsh & McLennan Agency, LLC (MMA) and a division of MMC Securities Corp. (MMCSC). Securities offered through MMCSC, member FINRA/SIPC, and a federally registered investment advisor. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: 201-284-3614. Variable insurance products distributed through MMA. MMCSC and MMA are affiliates owned by Marsh & McLennan Companies, Inc.