IRS Announces 2009 401(k) and Other Limits
11/14/2008
The IRS has announced the limits for 401(k) plans and retirement plans for 2008.
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401((k) Elective Deferral Limit |
$16,500 |
|
401(k) Age 50 "Catch-up" Limit |
$5,500 |
|
Compensation Limit |
$245,000 |
|
"Highly Compensated" Limit |
$105,000 |
|
Social Security Wage Base |
$106,800 |
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Revised:
November 14, 2008.