Each year the IRS updates the Plan Limits for Qualified Plans. Following are the limits for 2006.
Code
Section
401(a)
Annual Compensation : $220,000
401k/ 403(b)Elective
Deferrals : $15,000
Maximum
Compensation : $220,000
SIMPLE
Maximum
Contributions : $10,000
Highly
Compensated
Threshold : $100,000
401k/403(b)
Catch-up
Contributions : $5,000
414(v)(2)(B)(ii)
Catch-up
Contributions : $2,500
415(b)(1)(A)
DB Limits : $175,000
415(c)(1)(A)
DC Limits : $44,000
416(i)(1)(A)(i)
Key EE : $140,000
457(e)(15)
Deferral Limits : $15,000
TWB : $94,200
With more than two decades of operational and management experience We have developed a sharp eye for how businesses get clobbered with retirement plan fees and limited investment options. We empathetically help other business owners create the retirement programs that get results through checkbook control and self directed investments.
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