Employee Benefit Services Pennsylvania: Howell, Inc.
 
 
 

new qualified plan limits

The Internal Revenue Service announced the 2008 plan limits applicable to qualified defined benefit and defined contribution plans.

The figures are effective January 1, 2008. A comparison with 2007 and 2006 limits follow:
 
401(k)/403(b) Elective Deferral Limit
Highly Compensated Employee
Catch-Up Contribution Limit
Defined Contribution Plan IRC§415 Dollar Limit
Annual Compensation Limit
Key Employee Top Heavy Limit
Defined Benefit Plan IRC §415 Limit on Benefits
SIMPLE Contribution Limit
SIMPLE Catch-Up Contribution
SEP Minimum Compensation
Social Security Wage Base
2008
$15,500
$105,000
$5,000
$46,000
$230,000
$150,000
$185,000
$10,500
$2,500
$500
$102,000
2007
$15,500
$100,000
$5,000
$45,000
$225,000
$145,000
$180,000
$10,500
$2,500
$500
$97,500
2006
$15,000
$100,000
$5,000
$44,000
$220,000
$140,000
$175,000
$10,000
$2,500
$450
$94,200
For professional consultation, contact Marianne Lyons

The aforementioned material is a product and service listing and is not
intended to be an offer for the sale of securities. Securities products are offered by prospectus only.
Securities and Investment Advisory Services offered through representatives of Tower Square Securities, Inc., a securities broker/dealer (member FINRA/SIPC) and a Registered Investment Advisor.
Tower Square Securities, Inc. Privacy Notice Howell is a separate entity from Tower Square Securities, Inc.

Marianne Lyons is a registered representative and investment advisory representative of Tower Square Securities, Inc. She is registered for the sale of securities in PA, NY, MD, NJ and Washington, DC and is licensed to offer life insurance products in PA and NY.

Please note that the information being provided is strictly a courtesy. When you link to any of the websites provided, you are leaving this site, Howell makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or use of a third-party site.