2008 Retirement Plan Limits

2008 Retirement Plan Limits

Maximum Pre-Tax 401(k) Contribution: The maximum amount your employees can defer remains at $15,000.

Annual Addition Limit is $46,000, up from $45,000 in 2007.

Annual Compensation Limit is $230,000 up from $225,000 in 2007.

Highly Compensated up from $225,000 in 2007. Employee Limit is $105,000, up from $100,000 in 2007…

Catch-up contributions: The maximum additional contributions to a 401(k) by any employee who will be age 50 or older on Dec. 31, 2007 remains at $5,000.

More information on –Tax Law Changes for Business” is available at http://www.irs.gov/formspubs/article/0,id=109879,00.html.

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