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What's
New
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The IRS has released
the new retirement plan dollar limits for the Tax Year 2008. We offer it
here as a service to our clients. Our web site provides more information
about how E.A. Edberg Associates, Inc. can help you. If you have further
questions about our services, please contact us at (602) 274-0071.
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Dollar
Limits for Retirement Plans
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ITEM
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2008
LIMIT
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2007
LIMIT
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401(k) deferral
limit is:
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$15,500
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$15,500
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Annual Compensation
limit is:
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$230,000
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$225,000
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Defined Benefit 415
limit is increased to:
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$185,000
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$180,000
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Defined Contribution
415 limit is increased to:
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$46,000
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$45,000
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Dollar limit for
Highly Compensated test is:
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$105,000
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$100,000
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New "catchup
contribution" for participants 50 years and older is:
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$5,000
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$5,000
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Deferral limit for
SIMPLE plans is:
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$10,500
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$10,500
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457 deferral limit
is:
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$15,500
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$15,500
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[HOME] [ABOUT US] [SERVICES] [CONTACT US]
E.A.
Edberg Associates, Inc.
Email: edbergassociates@edbergassociates.com
1131 East Highland Avenue
Phoenix, Arizona 85014
Ph: (602) 274-0071
Fax: (602) 274-5956
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Copyright
© 2006
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