Our Services
Retirement Plan Limits
The following chart illustrates the cost of living adjustments to dollar limits under Employee Benefit Plans:
| Type of Limitation | 2006 | 2005 | 2004 |
| Defined Contribution Maximum Contribution |
$44,000 | $42,000 | $41,000 |
| Defined Benefit Maximum Benefit | $175,000 | $170,000 | $165,000 |
| Annual Compensation Limit | $220,000 | $210,000 | $205,000 |
| Elective Deferrals (401(k), 403(b), etc.) / Catch-Up Contributions |
$15,000 / $5,000 | $14,000 / $4,000 | $13,000 / $3,000 |
| 457 Plan Limits / Catch-Up Contributions | $15,000 / $5,000 | $14,000 / $4,000 | $13,000 / $3,000 |
| SIMPLE Retirement Accounts / Catch-Up Contributions | $10,000 / $2,500 | $10,000 / $2,000 | $9,000 / $1,500 |
| Highly Compensated | $100,000 | $95,000 | $90,000 |
| Social Security Taxable Wage Base |
$94,200 | $90,000 | $87,900 |