University Human Resource Services
Retirement Plans
Retirement Plan Contribution Limits
IU Retirement Plan
- Total employer and employee contributions to the IU 403(b) plans – the IU Retirement Plan and the IU Tax Deferred Account (TDA) (excluding age 50 catch up) may not exceed $49,000 for 2009 and 2010.
- Limits total compensation that may be used to calculate employer contributions to a salary of $245,000 for 2009 and 2010. May not apply to all participants.
IU Tax Deferred Account (TDA)
Formerly the Tax Deferred Annuity Plan
402(g) contribution limit
The annual dollar limit, for employee contributions to this 403(b) plan, is the lesser of:
- 100 percent of compensation for the calendar year; or
- $16,500 in 2009 and 2010
AND
Age 50 and over catch-up - The participant may increase the annual dollar limit on elective deferrals by an amount not exceeding the lesser of:
- The participant’s compensation for the year reduced by any other elective deferrals of the participant for the year; or
- $5,500 in 2009 and 2010
IU Retirement Savings Plan
402(g) contribution limit
The annual dollar limit is the lesser of:
- 100 percent of compensation for the calendar year; or
- $16,500 in 2009 and 2010
AND
Age 50 and over catch-up The participant may increase the annual dollar limit on elective deferrals by an amount not exceeding the lesser of:
- The participant’s compensation for the year reduced by any other elective deferrals of the participant for the year; or
- $5,500 in 2009 and 2010
OR
Age 62, 63, 64 catch-up - The participant, if qualified, may increase the annual dollar limit on elective deferrals by an amount not exceeding the lesser of:
- The “underutilized limitation” (see Salary Deferral Agreement for further information); or
- $16,500 in 2009 and 2010
