January 12, 2004

2004 Retirement Plan Limits

I have added the following table, containing the 2004 Retirement Plan Limits, in a permanent location over in the right-hand column:

401(k)/403(b) Elective Deferral Limit (402(g)(1))$13,000
Government/Tax Exempts Deferral Limit (457(e)(15))$13,000
Catch-up Cont.'s Limit$3,000
Annual Compensation Limit$205,000
HCE Comp. Limit$90,000
Key Employee Officer Comp.$130,000
Max. Annual Benefit: DB Plan$165,000
Max. Annual Contribution: DC Plan$41,000
SEP Minimum Comp.$450
SEP Compensation$205,000
SIMPLE Employee Cont. Lmt.$9,000
SIMPLE "Catch-Up" Deferral Lmt.$1,500
FICA Wage Base$87,900

Posted by B. Janell Grenier at January 12, 2004 08:57 PM