IRS Announces 2008 401(k) and Other Limits

11/9/2007

The IRS has announced the limits for 401(k) plans and retirement plans for 2008.

401((k) Elective Deferral Limit

$15,500

401(k) Age 50 "Catch-up" Limit 

$5,000

Compensation Limit

$230,000

"Highly Compensated" Limit

$105,000

Social Security Wage Base

$102,000

 

 

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Revised: November 09, 2007.