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

 

 

 

 

Non 401(k) Related Limits

 

 

 

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