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2008 Cost of Living
Increases
The IRS has released
the limits for the 2008 Plan Year. These limits can be important in
planning for your retirement. Please contact us if you have any
questions about how the new limits may affect you.
401(k) and 403(b) Deferral Limit |
$15,500 |
401(k) and 403(b) Catch-up Contribution Limit |
$5,000 |
SIMPLE Deferral Limit |
$10,500 |
SIMPLE 401(k) and IRA Catch-up Contribution Limit |
$2,500 |
Annual Plan Compensation Limit |
$230,000 |
Maximum Allocation Per Participant |
$46,000 |
Dollar Limit for Highly Compensated Employee |
$105,000 |
Dollar Limit for Key Employee |
$150,000 |
Social Security Taxable Wage Base Limit |
$102,000 |
dynamic pension services, inc.
* 2176 Hewitt Avenue, Suite A * Kettering, Ohio 45440 *
* Phone: 937.434.4488 * Fax: 937.434.6012 *Email: info@dpstpa.com *
- Copyright © 2006 -
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