Employee Benefits and Compensation Alert: 2011 Retirement Plan COLAs


Publish Date: 
November 16, 2010

 

The Internal Revenue Service has released the 2011 cost-of-living adjustments for compensation and benefit limits related to retirement plans. The following chart summarizes 2011 retirement plan limits and other benefit plan limits. These limits are adjusted as often as every year to account for increases in the cost of living, or as established by statute. By statute, several of these numbers may not be reduced. All 2011 limits noted below remain the same as 2010 amounts. The 2010 limits are also listed for reference purposes.

 20102011
Deferral Limit 401(k), 403(b), 457(b)$16,500$16,500
Catch-up Limit (age 50+)$5,500$5,500
Defined Benefit Limit$195,000$195,000
Defined Contribution Limit$49,000$49,000
Dollar Limit for Highly Compensated Employees$110,000$110,000
Officer-Key Employee$160,000$160,000
Annual Compensation Limit$245,000$245,000
SEP Eligibility Compensation Limit$550$550
SIMPLE Deferral Limit$11,500$11,500
SIMPLE Catch-up Limit (age 50+)$2,500$2,500
ESOP 5-Year Distribution Extension
Account Minimum
Additional Amount for 1-year Extension
$985,000

$195,000
$985,000

$195,000
HSA (self/family)
Maximum Contributions
Minimum HDHP Deductible
Maximum Out-of-Pocket Expenses
$3,050/$6,150
$1,200/$2,400

$5,950/$11,900
$3,050/$6,150
$1,200/$2,400

$5,950/$11,900