RETIREMENT PLAN DOLLAR-LIMITS

    2008 2007
Individual Retirement Account    
 

maximium current contribution

$5,000 $4,000
 

age 50 catch-up contribution limit

 

$1000 $1000
Defined Contribution Plans
$46,000
$45,000
 

25% of compensation to maximum
annual contribution of:

Defined Benefit Plans
$185,000
$180,000
  limitation on annual benefit is:

SIMPLE Salary Deferred Plans    
  maximum annual deferral by employee:
$10,500 $10,500

age 50 catch-up contribution limit

 

$2,500 $2,500
401(k) Elective Deferral Plans    
  maximum annual deferral by employee: $15,500 $15,000

age 50 catch-up contribution limit

 

$5,000 $5,000
403(b) Elective Deferral Plans    
  maximum annual deferral by employee: $15,500 $15,500

age 50 catch-up contribution limit

 

$5,000 $5,000
457 Plans (Government and Tax Exempts)    
  maximum annual deferral by employee:
$15,500
$15,500

age 50 catch-up contribution limit

 

$5,000
$5,000
Simplified Employee Pensions (SEPs)
$46,000
$45,000
  25% of compensation up to maximum contribution of:

Highly compensated employee threshold
$105,000
$100,000
  annual compensation of: