IRS announces 2005 limits
12/01/2004
The IRS has announced the limits for 401(k) plans and retirement plans for 2005.
|
401((k) Elective Deferral Limit |
$14,000 |
|
401(k) Age 50 "Catch-up" Limit |
$4,000 |
|
Compensation Limit |
$210,000 |
|
"Highly Compensated" Limit |
$95,000 |
|
Social Security Wage Base |
$90,000 |
|
Social Security Earnings Test
|
$12,000 $31,800
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Revised:
January 14, 2005.