Plan limits

[Tom Poje]

the current CPI - U (Consumer Price Index) values for

July - Aug 2010 are 218.011 and 218.312

Two years ago the values for

July - Aug - Sept were 219.964 219.086 218.783

since we are still below those numbers, there will be no change in the limits next year (stopping short of some type of regulation change).

In fact, before the limits will go up, the values for the three month period from July - Sept must average 222.2

so, looks like everything will stay the same again for 2011.

[J Simmons]

the current CPI - U (Consumer Price Index) values for

July - Aug 2010 are 218.011 and 218.312

Two years ago the values for

July - Aug - Sept were 219.964 219.086 218.783

since we are still below those numbers, there will be no change in the limits next year (stopping short of some type of regulation change).

In fact, before the limits will go up, the values for the three month period from July - Sept must average 222.2

so, looks like everything will stay the same again for 2011.

Thanks, Tom. It is helpful to know that as October approaches and for the calendar year plans, the 2011 safe harbor notice window opens.

[John Feldt ERPA CPC QPA]

$106,800 is the Social Security Taxable Wage Base (barring any congressional action to change it)

http://www.socialsecurity.gov/pressoffice/...lafacts2011.htm

[XTitan]

the current CPI - U (Consumer Price Index) values for

July - Aug 2010 are 218.011 and 218.312

Two years ago the values for

July - Aug - Sept were 219.964 219.086 218.783

since we are still below those numbers, there will be no change in the limits next year (stopping short of some type of regulation change).

In fact, before the limits will go up, the values for the three month period from July - Sept must average 222.2

so, looks like everything will stay the same again for 2011.

And even though the September 2010 index value was announced this morning at 218.439, which means that the limits shouldn't adjust, still no official announcement from the IRS. Sigh.

[Guest Jeff Hartmann]

the current CPI - U (Consumer Price Index) values for

July - Aug 2010 are 218.011 and 218.312

Two years ago the values for

July - Aug - Sept were 219.964 219.086 218.783

since we are still below those numbers, there will be no change in the limits next year (stopping short of some type of regulation change).

In fact, before the limits will go up, the values for the three month period from July - Sept must average 222.2

so, looks like everything will stay the same again for 2011.

And even though the September 2010 index value was announced this morning at 218.439, which means that the limits shouldn't adjust, still no official announcement from the IRS. Sigh.

And 4 days later, STILL no announcement of unchanged limits from IRS ....... Double Sigh.

PBGC did announce today no change in the 2011 flat-rate premium rate ($35) ---- curious, since the formula in ERISA calls for a drop back down to $34.

[Trekker]

Have I missed the official IRS 2011 Plan Limits? The only thing out there is on the BenefitsLink newsletter from either 10/18 or 10/19, found in an entry from Kushner & Company, saying all limits remain the same for 2011.

I have no reason to doubt this, but I'm puzzled that the 2011 limits are not splashed all over the usual sites.

Anything official from the IRS?

Thanks.

[david rigby]

As of this posting, nothing on the IRS website. Last year, IRS news release 2009-94 was dated 10/15/2009. I'm not speculating about any hidden IRS agenda with the (apparent) delay. However, when they do release it, IMHO, we are entitled to an explanation.

[Tom Poje]

they were using efast 2 software and it got hung up and simply hasn't been released yet?

instead of releasing the limits, they are working on the PTIN test for 5500 filers only?

(one speaker at the ASPPA conference indicated that the PTIN was an item used in the outhouse)

[John Feldt ERPA CPC QPA]

Maybe they think this type of news is better to release after the elections are over...

[Carol V. Calhoun]

All I know is that my inbox is full with people asking when my chart will be updated for the 2011 limits. At this point, I'm saying they won't change for 2011, but with a footnote saying that is only a projection. I'm seriously hoping we'll get an actual IRS announcement soon!

[XTitan]

Maybe there is a one year moratorium on pension limits, kind of like the estate tax this year - 2010 is a good year to die and 2011 is a good year to save for retirement? Then, in 2012, Congress retroactively revises the 2011 limits, thereby creating full employment for everyone on this board.

[Guest rmeigs]

IRS told us today that they would announce 2011 plan limits "very soon." They offered no explanation on why announcement was delayed.

Rick....

401khelpcenter.com

[Guest rmeigs]

IRS Finally Announces Pension Plan Limits for 2011 - Summary: The Internal Revenue Service announced on October 28, 2010, cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2011. In general, these limits will either remain unchanged, or the inflation adjustments for 2011 will be small. Details here: http://www.401khelpcenter.com/2011_401k_plan_limits.html