|
Limits
|
2005
|
2004
|
|
IRA
Contributions
|
$4,000
|
$3,000
|
|
IRA Catch-Up Contributions
|
$500
|
$500
|
|
Elective Deferral Limit (Individual 401k, 403b plans,
and SARSEPs)
|
$14,000
|
$13,000
|
|
457 Deferral Limit
|
$14,000
|
$13,000
|
|
Catch-Up Contributions to a 401(k), 403(b), 457, and
SARSEP
|
$4,000
|
$3,000
|
|
SIMPLE 401(k) and SIMPLE IRA
Deferral limit
|
$10,000
|
$9,000
|
|
SIMPLE 401(k) and SIMPLE IRA Catch-Up Contributions
|
$2,000
|
$1,500
|
|
Coverdell
ESA Contribution Limits
|
$2,000
|
$2,000
|
|
HSA
Contribution Limits - Individual*
|
$2,650
|
$2,600
|
|
HSA
Contribution Limits - Family*
|
$5,250
|
$5,150
|
|
HSA
Catch-Up Limits
|
$600
|
$500
|
|
HSA
Max. Out-of-Pocket - Individual
|
$5,100
|
$5,000
|
|
HSA
Max. Out-of-Pocket - Family
|
$10,200
|
$10,000
|
|
415
DB Limits
|
$170,000
|
$165,000
|
|
Annual Compensation Limit
|
$210,000
|
$205,000
|
|
415
DC Limits
|
42,000
|
41,000
|
|
415
DC % of Pay Limit
|
100%
|
100%
|
|
404
Deduction Limit
|
25%
|
25%
|
|
SEP Compensation Limit
|
$210,000
|
$205,000
|
|
Top-Heavy Plan Key Employee Compensation limit
|
$135,000
|
$130,000
|
|
414
Highly Compensated Employee Threshold
|
95,000
|
90,000
|
|
SEP Coverage
|
$450
|
$450
|
|
Taxable Wage Base
|
$90,000
|
$87,900
|
|
Social
Security Tax
|
6.2%
|
6.2%
|
|
Social
Security Tax for Self Employed
|
12.4%
|
12.4%
|
|
FICA
for Employees
|
7.65%
|
7.65%
|
|
