The maximum contribution that can be made to 401(k) and other defined contribution plans and the maximum benefit that can be funded through defined benefit plans remains unchanged from 2009 according to the IRS.

• Limits for elective deferrals remains at $16,500
• Overall limit for defined contributions plan deferrals from all sources (employer and employee combined) remains at $49,000 per participant.
• The maximum catch-up contribution for ages 50 and older remains at a maximum of $5,500.
• The amount of employee compensation limit that can be considered in calculating contributions to defined contribution plans remains at $245,000.
• The definition of highly compensated employees for 401(k) nondiscrimination testing purposes is $110,000.

Please refer to the IRS or your tax preparer or plan administrator for further clarification.