|
Effective January 1, 2010
| |
2010 |
2009 |
| Maximum Annual Contribution |
The lesser of $49,000 or 100% of compensation |
The lesser of $49,000 or 100% of compensation |
| 401(k) Plan Elective Deferrals |
$16,500 |
$16,500 |
| Catch-Up Deferrals to 401(k), 403(b), 457 or SARSEP Plans (for employees who turn 50 within the year) |
$5,500 |
$5,000 |
| Employer Deduction for Profit Sharing Plan |
25% of eligible compensation |
25% of eligible compensation |
| Annual Compensation |
$245,000 |
$245,000 |
| Social Security Compensation |
$106,800 |
$106,800 |
| Highly-Compensated Employee |
$110,000 |
$110,000 |
| Key Employee - Officer Compensation |
$160,000 |
$160,000 |
| Key Employee - 1% owner |
$150,000 |
$150,000 |
|
|
