Tax Planning Guide: Retirement Plan Contribution Limits

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1996 Qualified Retirement Plan Contribution Limitations
and Other Retirement-Related Figures

*Includible Compensation	$150,000
*401(k) Pretax Deferrals	$9,500
*Defined Benefit Plan Pension	$120,000/yr
Defined Contribution, lesser* of 25% of Compensation or	$30,000/yr
1996 Annual Exclusion from Excess Distribution Excise Tax	$155,000
*Highly Compensated Employee:
Automatic	$100,000
Officer	$60,000
Top 20% by Compensation	$66,000
+Social Security Wage Base	$62,700
Medicare Tax Wage Base	No limit

* Subject to annual adjustment for inflation
+ Adjusted annually