2008 Financial Planning Limits - Employer Retirement Plans


Concerned about making too much money and bumping into the limit on how much you can sock away in an employee retirement plan this year? Looking to max out your SEP IRA contributions? You've come to the right place. Listed below are the the limits to all federally sponsored employer retirement plans.

Contribution Limits
Elective deferrals for 401(k), 403(b), 457 and SAR-SEPs   $15,500
401(k), 403(b), 457 and SAR-SEP Catch-Up Contribution     $5,000
Defined Contribution Plan Limit                           $46,000
Maximum SEP IRA Contribution                              $46,000
SIMPLE IRA and SIMPLE 401(k) Contribution                 $10,500
SIMPLE IRA and SIMPLE 401(k) Catch-Up Contribution        $2,500

SEP Minimum Earnings Limit                                $500
Maximum Annual Defined Benefit Limit                      $185,000
PBGC Maximum Monthly Benefit                              $4,312.50

Maximum Includable Compensation                           $230,000
Highly Compensated Employee                               $105,000
Key Employee                                              > $150,000