INFORMATION

2010 Pension Contribution Limits

INDIVIDUAL

IRA Individual Retirement Account
(Contribution Limit $5,000 - age 50+ $6,000)

ROTH IRA
(Contribution Limit $5,000 - age 50+ $6,000)

403B Tax Sheltered Annuity
(Contribution Limit $16,500 - age 50+ $22,000)
For employees of non-profit organizations, Can be both employer or employee contributions

EMPLOYER or SELF EMPLOYED

Simple IRA
(Contribution Limit $11,500 - age 50+ $14,000)
Required employer MATCH of 3% of salary IF employee participates, immediate vesting of employer contribution, no administrative fees

SEP Simplified Employee Pension
(Maximum Contribution Limit $49,000)
Employer contribution only for all eligible employees, immediate vesting, no administrative fees

401K
(Contribution Limit $16,500 - age 50+ $22,000)
Employee contribution, employer match optional, vesting of employer contributions up to 6 years

Single 401K
(Maximum Contribution Limit $49,000)
Available to an owner and their immediate family members only, no administration fees

Profit Sharing
(Contribution Limit $49,000)
Employer contributions only for eligible employees