Announcements & Features:
irs announces retirement plan limits for 2010
IRS Announces Retirement Plan Limits for 2010
The Internal Revenue Service (IRS) has announced that the limits for making contributions to retirement plans will not increase for 2010. The limit on 403(b) and 457(b) elective deferrals remains unchanged at $16,500 while the limit for individuals age 50 and older remains at $22,000. Faculty and staff who are contributing to these plans do not need to change their contribution amounts for 2010 since the limits remain the same.
For more information, including answers to frequently asked questions, please see 2010 SRA and 457(b) limits.