2008 Financial Planning Limits - Employer Retirement Plans
Submitted by Mark on 2 April 2008 - 6:05am.
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
