© 2004
AutomatedPensions.com
DBMinMax Table
Maximum Defined Benefit Contribution
And Minimum Supporting Compensation
Year:
2003
2004
2005
2006
2007
The Minimum Compensation and Maximum Contribution shown assume
0
1
2
3
4
5 or more
years of prior service at each age. These contribution levels apply to 1-person and husband-wife plans. Show ages from:
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
to:
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
.
Starting Age (Rounded)
Retirement Age
Maximum Defined Benefit Contribution
Minimum W-2 Compensation*
Contribution as % of W-2
Minimum Net Schedule C if Sole-Proprietor*
Contribution as % of Net Schedule C
For Comparison:
Profit Sharing Contribution (using W-2 Compensation)
Profit Sharing Contribution as % of W-2
35
55
$53,345
$111,300
47.9%
$173,007
30.8%
$27,825
25.0%
36
55
$57,759
$111,300
51.9%
$177,481
32.5%
$27,825
25.0%
37
55
$62,701
$111,300
56.3%
$182,490
34.4%
$27,825
25.0%
38
55
$68,263
$111,300
61.3%
$188,127
36.3%
$27,825
25.0%
39
55
$74,561
$111,300
67.0%
$194,511
38.3%
$27,825
25.0%
40
55
$81,745
$111,300
73.4%
$201,792
40.5%
$27,825
25.0%
41
55
$90,002
$111,300
80.9%
$210,161
42.8%
$27,825
25.0%
42
55
$99,584
$111,300
89.5%
$219,873
45.3%
$27,825
25.0%
43
55
$110,819
$111,300
99.6%
$231,261
47.9%
$27,825
25.0%
44
55
$124,160
$111,300
111.6%
$244,783
50.7%
$27,825
25.0%
45
55
$140,240
$111,300
126.0%
$261,081
53.7%
$27,825
25.0%
46
56
$147,933
$118,908
124.4%
$276,590
53.5%
$29,727
25.0%
47
57
$156,092
$127,152
122.8%
$293,215
53.2%
$31,788
25.0%
48
58
$164,709
$136,068
121.0%
$310,986
53.0%
$34,017
25.0%
49
59
$173,833
$145,740
119.3%
$330,037
52.7%
$36,435
25.0%
50
60
$183,474
$156,228
117.4%
$350,440
52.4%
$39,057
25.0%
51
61
$193,678
$167,628
115.5%
$372,337
52.0%
$41,907
25.0%
52
62
$204,440
$180,000
113.6%
$395,785
51.7%
$45,000
25.0%
53
62
$209,882
$162,000
129.6%
$383,056
54.8%
$40,500
25.0%
54
62
$215,427
$144,000
149.6%
$370,432
58.2%
$36,000
25.0%
55
62
$221,075
$126,000
175.5%
$357,913
61.8%
$31,500
25.0%
56
62
$226,826
$108,000
210.0%
$345,497
65.7%
$27,000
25.0%
57
62
$232,682
$90,000
258.5%
$333,189
69.8%
$22,500
25.0%
58
63
$228,533
$90,000
253.9%
$328,983
69.5%
$22,500
25.0%
59
64
$224,259
$90,000
249.2%
$324,651
69.1%
$22,500
25.0%
60
65
$219,860
$90,000
244.3%
$320,193
68.7%
$22,500
25.0%
61
66
$230,853
$96,486
239.3%
$337,909
68.3%
$24,122
25.0%
62
67
$242,394
$103,548
234.1%
$356,764
67.9%
$25,887
25.0%
63
68
$254,520
$111,258
228.8%
$376,870
67.5%
$27,814
25.0%
64
69
$267,245
$119,688
223.3%
$398,312
67.1%
$29,922
25.0%
65
70
$280,604
$128,928
217.6%
$421,217
66.6%
$32,232
25.0%
* Current year compensation in the amount shown will support the contribution shown. Prior-year compensations, if available at appropriate levels, can be used to support current-year contribution. For Sole-Proprietors, Net Schedule C earnings must be split 3 ways: contribution, 1/2 SE Tax, and residual Considered Compensation used to support the contribution level; the amount shown is the gross amount needed to support the contribution. Ultimately, a 3-consecutive-year average compensation is required to support the maximum benefit and contribution levels. See article on
Compensation
(coming soon) for further discussion.
