No Cost of Living Adjustments Anticipated for Employee Benefit Plans while Maximum Benefits for State Plan Benefits Decrease

Printer-friendly version

The DOL Bureau of Labor Statistics released the September CPI data which is used to calculate the 2011 Cost of Living adjustments for employee benefit plans.   It is expected that the IRS will confirm that all limits will remain the same for 2011 (as they were in 2009 and 2010).

2011:  Sections 401(k), 403(b) and 457(b) Limits:  $16,500
2011:  Sections 401(k), 403(b) and 457(b) Catch-Up Limits:  $5,500
Defined Benefit Annual Limit:  $195,000
Maximum Compensation Limit:  $245,000
Defined Contribution Annual Addition:  $49,000
Highly Compensation Employee Limit: $110,000
Social Security Wage Base:  $106,800

The NJ Department of Labor has posted maximum weekly State Plan benefits rates for 2011.  Rates are lower than in 2010 due to a slight decrease in the Statewide average weekly wage.

2011 Maximum Workers' Compensation weekly benefit rate: $792
2011 Maximum Unemployment Insurance weekly benefits rate: $598
2011 Maximum Temporary Disability Insurance and Family Leave Insurance weekly benefit rate: $559
2011 Taxable Wage Base under UI, TDI and FLI: $29,600