Summary of Qualified Plan Limits
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|
Type of Limitation |
2007 | 2006 | 2005 |
2004 |
2003 |
2002 |
2001 |
|
Elective Deferrals for 401(k), 403(b) and ROTH (section 402(g) limit; not including catch-up contributions) |
$15,500 | $15,000 | $14,000 |
$13,000 |
$12,000 |
$11,000 |
$8,500 |
|
457(b)(2) and 457(c)(1) Limits (not including catch-ups) |
$15,500 | $15,000 | $14,000 |
$13,000 |
$12,000 |
$11,000 |
$8,500 |
|
Catch-up Deferrals for 401(k), 403(b), 457(b) (section 414(v)) |
$5,000 | $5,000 | $4,000 |
$3,000 |
$2,000 |
$1,000 |
N/A |
|
Defined Benefit Plan Annual Benefit Limit |
$180,000 | $175,000 | $170,000 |
$165,000 |
$160,000 |
$160,000 |
$140,000 |
|
Defined Contribution Limit (section 415) |
$45,000 | $44,000 | $42,000 |
$41,000 |
$40,000 |
$40,000 |
$35,000 |
|
Annual Compensation Limit |
$225,000 | $220,000 | $210,000 |
$205,000 |
$200,000 |
$200,000 |
$170,000 |
|
Highly Compensated Employee |
$100,000 | $100,000 | $95,000 |
$90,000 |
$90,000 |
$90,000 |
$85,000 |
|
Income Subject to Social Security Tax (FICA) |
$97,500 | $94,200 | $90,000 |
$87,900 |
$87,000 |
$84,900 |
$80,400 |
Copyright © 2004-2006, Continental Benefits Group, Inc. All rights reserved.
Revised: 11/08/06