Pension

2007 Pension Plan Limitations

	IRS Section	Description	2007	2008
	Section 402(g)(3); 457(e)(15)	401K and 457 Maximum Elective Deferrals	$15,500.00	$15,500.00
	415(b)(1)(A)	DB: Limit on annual benefit	$180,000.00	$185,000.00
	Section 415(c)(1)(A)	Limitation total for DC plans	$45,000.00	$46,000.00
	401(a)(17), 404(I), 408(k)(3)(C), 408(k)(6)(D)(ii)	Annual Compensation Limit	$225,000.00	$230,000.00
	416(i)(1)(A)(i)	Top-Heavy Plans/Dollar Limitation of Key Employees	$145,000.00	$150,000.00
	409(o)(1)(C)(ii)	Maximum Account Balance in an employee stock ownership plan subject to a 5 year distribution period	$915,000.00	$935,000.00
	414(q)(1)(B)	Definition of Highly Compensated (unchanged)	$100,000.00	$105,000.00
	408(k)(2)(C)	Compensation amount for SEPs (simplified employee pensions)	$500.00	$500.00
	408(p)(2)(E)	Limitation for SIMPLE retirement accounts	$10,500.00	$10,500.00