Skip to main content
A Better Partnership

Publications

Oct 2007
19
October 19, 2007

IRS Announces 2008 Retirement Plan Limits

The IRS recently released its 2008 employee benefits limitations for retirement plans. The following table lists common limitations relevant for most employers.

 Limitation

2008 

 2007

Qualified Retirement Plans
- annual compensation limit

 $230,000 

 $225,000 

Defined Benefit Plans
- annual benefit limit

 $185,000 

 $180,000 

Defined Contribution Plans
- annual additions limit

 $46,000 

 $45,000 

Catch-Up Contribution Limit

$5,000 

$5,000 

Highly Compensated Employee  
   income threshold

$105,000 

$100,000 

Annual Deferral Limits
- 401(k), 403(b), 457(b) 
- SIMPLE plan


$15,500 
$10,500 


$15,500 
$10,500 

If you have questions about retirement plan limits, please contact Justin Stemple by e-mail at jstemple@wnj.com or call 616.752.2375, or contact any member of our Employee Benefits Law Group.

NOTICE. Although we would like to hear from you, we cannot represent you until we know that doing so will not create a conflict of interest. Also, we cannot treat unsolicited information as confidential. Accordingly, please do not send us any information about any matter that may involve you until you receive a written statement from us that we represent you.

By clicking the ‘ACCEPT’ button, you agree that we may review any information you transmit to us. You recognize that our review of your information, even if you submitted it in a good faith effort to retain us, and even if you consider it confidential, does not preclude us from representing another client directly adverse to you, even in a matter where that information could and will be used against you.

Please click the ‘ACCEPT’ button if you understand and accept the foregoing statement and wish to proceed.

ACCEPTCANCEL

Text

+ -

Reset