|
LIMIT |
2007 |
2008 |
|
Defined
Benefit Plans |
$180,000 |
$185,000 |
|
Defined
Contribution Plan Maximum Annual Addition |
$45,000 |
$46,000 |
|
Maximum
401(k) Deferral |
$15,500 |
$15,500 |
|
Catch-Up
Contribution (participants over age 50) |
$5,000 |
$5,000 |
|
Maximum
Compensation |
$225,000 |
$230,000 |
|
Social
Security Taxable Wage Base |
$97,500 |
$102,000 |
|
Definition
of Key Employee |
$145,000 |
$150,000 |
|
Definition
of Highly Compensated Employee (look back year) |
$100,000 |
$105,000 |