| |
| Qualified
Plan Limits |
2007
|
2006 |
2005 |
|
401(k) Elective Deferrals |
$15,500 |
$15,000 |
$14,000 |
| Maximum 401(k)
Catch-Up Contributions |
$5,000 |
$5,000 |
$4,000 |
| Defined Benefit Plan
(Annual Benefit) |
$180,000 |
$175,000 |
$170,000 |
Defined Contribution
Plan
(Annual Contribution) |
$45,000 |
$44,000 |
$42,000 |
| SIMPLE Maximum
Deferral |
$10,500 |
$10,000 |
$10,000 |
| Annual Compensation
(for determining Maximum Benefits & Contributions) |
$225,000 |
$220,000 |
$210,000 |
| Social Security
Taxable Wage Base |
$97,500 |
$94,200 |
$90,000 |
| Highly
Compensated Employee (1) |
(5%
owner)
or $100,000 |
(5%
owner) or $100,000 |
(5%
owner) or $95,000 |
(1) For purposes of the Highly Compensated
Employee determination, the applicable limit determines the HCE's for
the following year (Ex: $90,000 or more in 2003 identifies the
individuals that will be HCE's in 2004).
|
