2007 Plan Limits
401(k) Plan Limits for Plan Year | 2007 | 2006 | 2005 |
401(k) Elective Deferrals | $ 15,500 | $ 15,000 | $ 14,000 |
Annual Defined Contribution Limit | $ 45,000 | $ 44,000 | $ 42,000 |
Annual Compensation Limit | $225,000 | $220,000 | $210,000 |
Catch-Up Contribution Limit | $ 5,000 | $ 5,000 | $ 4,000 |
Highly Compensated Employees | $100,000 | $100,000 | $ 95,000 |
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Non 401(k) Related Limits |
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403(b) / 457 Elective Deferrals | $ 15,500 | $ 15,000 | $ 14,000 |
SIMPLE Employee Deferrals | $ 10,500 | $ 10,000 | $ 10,000 |
SIMPLE Catch-Up Deferral | $ 2,500 | $ 2,500 | $ 2,000 |
SEP Minimum Compensation | $ 500 | $ 450 | $ 450 |
SEP Annual Compensation Limit | $225,000 | $220,000 | $210,000 |
Social Security Wage Base | $ 97,500 | $ 94,200 | $ 90,000 |
Defined Benefit Limit | $180,000 | $175,000 | $170,000 |