Vision Payroll

Important Facts and Figures 2008-2010

201020092008
§401(k), §403(b), §457(e)(15) Annual Deferral Limit$16,500 $16,500 $15,500
§401(k), §403(b), §457(e)(15) Age 50 Catch-Up Deferral $5,500 $5,500 $5,000
Deferred Contribution Compensation Limit$245,000 $245,000 $230,000
Deferred Contribution Combined Limit$49,000 $49,000 $46,000
Social Security Wage Limit$106,800 $106,800 $102,000
Social Security Maximum Withholding$6,621.60 $6,621.60 $6,324.00
Social Security Employer Maximum$6,621.60$6,621.60$6,324.00
SIMPLE Plan Deferral Limit$11,500 $11,500 $10,500
SIMPLE Plan Age 50 Catch-Up Deferral$2,500 $2,500 $2,500
IRA Contribution Limit$5,000 $5,000 $5,000
IRA Age 50 Catch-Up Contribution$1,000 $1,000 $1,000
Highly Compensated Employee$110,000 $110,000 $105,000
Key Employee in a Top-Heavy Plan$160,000 $160,000 $150,000
Control Employee for Reg. §1.61-21(f)(5)(i)$95,000 $95,000 $90,000
Control Employee for Reg. §1.61-21(f)(5)(iii)$195,000 $195,000 $185,000
Business Mileage Rate (January 1 - June 30)$0.50$0.55$0.505
Business Mileage Rate (July 1 - December 31)$0.50$0.55$0.585
SEP Compensation Threshold$550$550$500
Federal Hourly Minimum Wage (Effective July 24)$7.25$7.25$6.55
Health Savings Account (HSA) Self-Only Coverage Contribution$3,050 $3,000 $2,900
HSA Self-Only Out-of-Pocket Maximum$5,950 $5,800 $5,600
HSA Self-Only Minimum Deductible$1,200 $1,150 $1,100
HSA Family Coverage Contribution$6,150 $5,950 $5,800
HSA Family Coverage Out-of-Pocket Maximum$11,900 $11,600 $11,200
HSA Family Minimum Deductible$2,400 $2,300 $2,200
HSA Age 55 Catch-Up Contribution$1,000 $1,000 $900
Medical Savings Account (MSA) Self-Only Deductible Minimum$2,000 $2,000 $1,950
MSA Self-Only Deductible Maximum$3,000 $3,000 $2,900
MSA Self-Only Out-of-Pocket Maximum$4,050 $4,000 $3,850
MSA Family Deductible Minimum$4,050 $4,000 $3,850
MSA Family Deductible Maximum$6,050 $6,050 $5,800
MSA Family Out-of-Pocket Maximum$7,400 $7,350 $7,050
Monthly Transit Pass Maximum Fringe Benefit Exclusion January-February$230$120$115
Monthly Transit Pass Maximum Fringe Benefit Exclusion March-December$230$230$115
Monthly Qualified Parking Maximum Fringe Benefit Exclusion$230$230$220
Monthly Qualified Bicycle Commuting Maximum Fringe Benefit Exclusion$20$20$-

See also Important Facts and Figures 2013-2015.

See also Important Facts and Figures 2011-2013.