This is a summary of the various limitation adjustments that affect
qualified plans for Plan Year 2008:
Qualified Plan Compensation Limit $230,000
401(k) Plan
Maximum elective deferral limit $15,500
Catch-up limit (age 50 and over) $5,000
Defined Contribution
Section 415 annual addition limit $46,000
Defined Benefit
Section 415 annual benefit limit $185,000
Section 415 monthly benefit limit $15,417
Highly Compensated Definition
Compensation test $105,000
Integrity Financial Corporation helps business owners and individuals build a financial legacy through well designed executive compensation and retirement plans. Our clients can expect to receive personalized service and expertise, built on a foundation of trust. Call us at 425-454-1254 for the Seattle or Bellevue area, or at 1-800-794-401k. Or visit our website at www.ifc401k.com
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