Retirement Plan Limits for 2007 and Earlier       PDF version
 

Limit and IRC Section	2007	2006	2005	2004	2003
Defined Benefit Plan Dollar Limit  IRC §415(b)(1)(A)	$180,000	$175,000	$170,000	$165,000	$160,000
Defined Contribution Plan Limit IRC §415(c)(1)(A)	$45,000	$44,000	$42,000	$41,000	$40,000
401(k)/403(b) Elective Deferral Limit IRC §402(g)(1)	$15,500	$15,000	$14,000	$13,000	$12,000
Governments/Tax-Exempts Deferral Limit IRC §457(e)(15)	$15,500	$15,000	$14,000	$13,000	$12,000
401(k)/403(b)/457/SEP  "Catch Up" Limit IRC §414(v)(2)(B)(i)	$5,000	$5,000	$4,000	$3,000	$2,000
Annual Compensation Limit IRC §§401(a)(17), 404(l)	$225,000	$220,000	$210,000	$205,000	$200,000
Highly Compensated Employee (HCE) Limit IRC §414(q)(1)(B) (Compensation exceeding limit will make someone an HCE next year.)	$100,000	$100,000	$95,000	$90,000	$90,000
Key Employee Officer Compensation IRC §416(i)(1)(A)(i)	$145,000	$140,000	$135,000	$130,000	$130,000
SEP Minimum Compensation IRC §408(k)(2)(C)	$500	$450	$450	$450	$450
SEP Compensation IRC §408(k)(3)(C)	$225,000	$220,000	$210,000	$205,000	$200,000
SIMPLE Employee Contribution Limit IRC §408(p)(2)(E)	$10,500	$10,000	$10,000	$9,000	$8,000
SIMPLE "Catch-Up" Deferral Limit IRC §414(v)(2)(B)(ii)	$2,500	$2,500	$2,000	$1,500	$1,000