| Item | 2007 | 2006 | 2005 | 2004 | 2003 | |||||
| Social Security Wage Base | $97,500 | $94,200 | $90,000 | $87,900 | $87,000 | |||||
| Compensation Limit – 401(a)(17) | $225,000 | $220,000 | $210,000 | $205,000 | $200,000 | |||||
| Benefit Limitation – 415(b) | $180,000 | $175,000 | $170,000 | $165,000 | $160,000 | |||||
| Compensation-Based Limit Factor – 415 | 1.0334 | 1.0383 | 1.0273 | 1.0220 | 1.0159 | |||||
| Contribution Limitation – 415(c) | $45,000 | $44,000 | $42,000 | $41,000 | $40,000 | |||||
| 401(k) Elective Deferral Limit – 402(g) | $15,500 | $15,000 | $14,000 | $13,000 | $12,000 | |||||
| 401(k) Catch-Up Contributions | $5,000 | $5,000 | $4,000 | $3,000 | $2,000 | |||||
| Highly Compensated Employee Threshold | $100,000 | $100,000 | $95,000 | $90,000 | $90,000 | |||||
| Key Employee Officer Threshold | $145,000 | $140,000 | $135,000 | $130,000 | $130,000 | |||||
| PBGC Maximum Guaranteed Benefit | $49,500.00 | $47,659.08 | $45,613.68 | $44,386.32 | $43,977.24 |
Thresholds and Limitations
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[...] Background – Benefits under a qualified defined benefit plan are limited under IRC §415(b)(a)(A) to $175,000 for 2006, expressed in terms of a life annuity. [IRC §415(b)(2)(A)] For other forms of benefit (other than qualified joint and survivor annuities), that dollar ceiling must be adjusted to the actuarial equivalent amount. [IRC §415(b)(2)(B)] For forms of benefit other than those subject to IRC §417(e)(3), the interest rate assumption for the actuarial equivalence assumptions is limited to the greater of 5 percent or the rate specified in the plan. [IRC §415(b)(2)(E)(i)] [...]
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