11 | 18 | 2005 Posted By Diane Pfadenhauer

2006 Benefit Plan Limits

The 2006 limits on benefit plan contributions and limits is available.  Some changes for next year include:

  • The FICA wage base will increase to $94,200
  • The 401(k)/403(b) elective deferral limit will increase to $15,000
  • The catch up contribution will increase to $5000

Thanks to Janell Grenier, who as usual, was the first to bring this to our attention.  See her post on these and other amounts for next year here.