IRS Announces 2007 401(k) and Other Limits
11/271/2006
The IRS has announced the limits for 401(k) plans and retirement plans for 2007.
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401((k) Elective Deferral Limit |
$15,500 |
|
401(k) Age 50 "Catch-up" Limit |
$5,000 |
|
Compensation Limit |
$225,000 |
|
"Highly Compensated" Limit |
$100,000 |
|
Social Security Wage Base |
$97,500 |
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Revised:
November 27, 2006.