Traditional and Roth IRA Annual Contribution Limits Year Normal Contribution Catch-up Contribution 2001 $2,000 $0 2002 $3,000 $500 2003 $3,000 $500 2004 $3,000 $500 2005 $4,000 $500 2006 $4,000 $1,000 2007 $4,000 $1,000 2008 $5,000 $1,000 2009+ Indexed* $1,000 *Normal contribution limits will increase annually by $500 whenever cumulative inflation exceeds the next higher $500 increment   Qualified Retirement Plan Limits 2008 2009 Defined Benefit Plans Annual Benefit under 415 (b)(1)(A) $185,000 $195,000 Defined Contribution Plans Annual Contributions under 415 (c)(1)(A) 46,000 49,000 401 (a)(17) and 404(1) Qualified Plan Annual Compensation Limit 230,000 245,000 Highly Compensated Employees Compensation Level 414 (q)(1)(B) 105,000 110,000 401(k) Elective Deferrals 402(g)(1) 15,500 16,500 401(k) Maximum deferral with catch-up 414(v)(2)(B)(i) 5,000 5,500 SEP Minimum Compensation Amount 408 (k)(2)(C) 500 550 SEP Minimum Compensation Amount 408 (k)(3)(C) 230,000 245,000 SIMPLE Plans Maximum Deferral Limit 408(p)(2)(E) 10,500 11,500 SIMPLE Maximum Deferral with catch-up 414(v)(2)(B)(ii) 2,500 2,500 457 Plans Maximum Deferral Limit under  457(e)(15) and  457(c)(1) 15,500 16,500 457 Maximum deferral with catch-up 414(v)(2)(B)(i) 5,000 5,500 Key Employee Compensation Level 416 (i)(l)(A)(i) 150,000 160,000 Social Security Wage Base 102,000 106,800

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