2008 INDEXED FIGURES FOR QUALIFIED
RETIREMENt PLANS
Qualified Retirement Plans must take various dollar limits into
consideration. Some of these are indexed and can therefore
change on occasion. Below are the new figures for 2008, as well
as the figures for the past three years.
| LIMITS |
2008 |
2007 |
2006 |
2005 |
401(k) Contribution Limit
(Calendar Year) |
$15,500 |
$15,500 |
$15,000 |
$14,000 |
| 401(k) Catch-up Contribution Limit |
$5,000 |
$5,000 |
$5,000 |
$4,000 |
Annual Contribution Limit
(Money Purchase, Profit Sharing, Target Plans) |
$46,000 |
$45,000 |
$44,000 |
$42,000 |
Annual Benefit Limit
(Defined Benefit
Plans) |
$185,000 |
$180,000 |
$175,000 |
$170,000 |
| Plan Compensation Limit |
$230,000 |
$225,000 |
$220,000 |
$210,000 |
| Social Security Wage Base |
$102,000 |
$97,500 |
$94,200 |
$90,000 |
