1996 IRS cost-of-living adjustments relating to tax-qualified plans

Limitation 1995 1996
Maximum 401(k) Plan elective deferral $9,240 $9,500
Max. compensation taken into account $150,000 $150,000
Max. contribution to defined contribution plans $30,000 $30,000
Social Security taxable wage base $61,200 $62,700
Excess distribution threshold $150,000 $155,000


Site designed and programmed Jeffrey H. Greenstein