Annual Dollar Limits
The table below shows the 2007 and 2008 dollar limitations that affect
qualified plans.
| Description |
2007 |
|
2008 |
| IRA |
$4,000 |
|
$5,000 |
| IRA Catch-up (50 or older) |
$1,000 |
|
$1,000 |
| 401(k), 403(b) & 457 Deferrals |
$15,500 |
|
$15,500 |
| 401(k), 403(b) & 457 Catch-up |
$5,000 |
|
$5,000 |
| SIMPLE Deferrals |
$10,500 |
|
$10,500 |
| SIMPLE Catch-up |
$2,500 |
|
$2,500 |
| Section 415 Limit |
$45,000 |
|
$46,000 |
| Defined Benefit Limit |
$180,000 |
|
$185,000 |
| Compensation Limit |
$225,000 |
|
$230,000 |
| HCE Comp Limit |
$100,000 |
|
$105,000 |
| SS Wage Limit |
$97,500 |
|
$102,000 |
| Key Employee Officer |
$145,000 |
|
$150,000 |
|
|
|
 Printable version of this page
|
