| 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 |
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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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