Excerpt from: Professional Employer Organization -- PEO
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| November 29, 2007 | | Qualified Retirement Plans must take various dollar limits into consideration. Some of these are indexed and can therefore change on occasion. | Below are the new figures for 2008: <><>Limits 2008 2007 <><>401(k) Contribution (Calendar Year) $ 15,500.00 $15,500.00 <><>401(k) catch-up Contribution Limit $ 5,000.00 $ 5,000.00 |
<><>Social Security Wage Base $102,000.00 $97,500.00
It is not to late to start a 401(k) plan for 2008 or contribute in 2007. | | |
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