2007

2008

Taxable Wage Base

$97,500

$102,000

Includable Compensation Limit

$225,000

$230,000

401(k)/403(b) Deferral Limit (Under Age 50)

$15,500

$15,500

401(k)/403(b) Deferral Limit (Age 50+)

$20,500

$20,500

Defined Contribution 415 Limit

$45,000*

$46,000**

Defined Benefit 415 Limit

$180,000

$185,000

SIMPLE Deferral Limit

$10,500

$10,500

SIMPLE 401(k) & IRA Catch-up Limit

$2,500

$2,500

Highly Compensated Employee

$100,000

$105,000

SEP Compensation Limit

$500

$500