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The Internal Revenue Service
and the Social Security Administration have issued
the inflation-adjusted amounts which affect
qualified retirement plans and Social Security
benefits for the year 2008.
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|
2005 |
2006 |
2007 |
2008 |
|
§ 401(k) / 403(b) Deferral Limit |
$ 14,000 |
$15,000 |
$15,500 |
$15,500 |
|
§ 457 Deferral Limit |
14,000 |
15,000 |
15,500 |
15,500 |
|
SIMPLE Deferral
Limit
|
10,500 |
10,000 |
10,500 |
10,500 |
|
Catch-Up Contribution Limit to a 401(k),
403(b) or 457 plan |
4,000 |
5,000 |
5,000 |
5,000 |
|
Catch-Up Contribution Limit to a SIMPLE plan |
2,000 |
2,500 |
2,500 |
2,500 |
|
Compensation Cap |
210,000 |
220,000 |
225,000 |
230,000 |
|
§ 415(b) Defined Benefit Annual Pension Limit |
170,000 |
175,000 |
180,000 |
185,000 |
|
§ 415(c) Defined Contribution Annual Addition
Limit |
42,000 |
44,000 |
45,000 |
46,000 |
|
Highly Compensated Employee - Compensation
Threshold |
95,000 |
100,000 |
100,000 |
105,000 |
|
Key Employee - Compensation Threshold for
Officers |
135,000 |
140,000 |
145,000 |
150,000 |
|
Social Security
Wage Base
-OASDI Rate
|
90,000
6.20% |
94,200
6.20% |
97,500
6.20% |
102,000
6.20% |
|
FICA Rate |
7.65% |
7.65% |
7.65% |
7.65% |
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Maximum Disparity for Integration |
5.70% |
5.70% |
5.70% |
5.70% |
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::Other Options
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IRS and DOL current
focus, Issues and links |
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Third Party
Administration Services for CPA sponsored retirement
plans |
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Third Party
Administration CPA Referral and Ghosting programs |
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Third Party
Administration services for CPA's clients |
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Request an
Illustration |
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Glossary of Terms |
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Meet the PENSERVCO
Staff |
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