148892 Resource 147682 147761 147761 1163612110647 1164644584408 Controlled IRS issues 2007 retirement plan limits The IRS has announced the 2007 cost-of-living adjustments (COLAs) to dollar limitations on benefits and contributions, annual compensation limits, and other dollar limitations applicable to retirement plans. <h3 style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #444444"><font face="Times New Roman">IRS issues 2007 retirement plan limits <p /><p style="BACKGROUND: white"><span style="FONT-SIZE: 10pt; COLOR: #444444"><font face="Times New Roman">The IRS has announced the 2007 cost-of-living adjustments (COLAs) to dollar limitations on benefits and contributions, annual compensation limits, and other dollar limitations applicable to retirement plans.</font></span></p><p /><p style="BACKGROUND: white"><span style="FONT-SIZE: 10pt; COLOR: #444444"><font face="Times New Roman">&nbsp;Highlights of the 2007 maximum dollar limitations announced by the IRS include the following:&nbsp;</font></span></p><p /><p style="BACKGROUND: white"><span style="FONT-SIZE: 10pt; COLOR: #444444"><font face="Times New Roman">&bull; Annual defined benefit limit: $180,000&nbsp;</font></span></p><p /><p style="BACKGROUND: white"><span style="FONT-SIZE: 10pt; COLOR: #444444"><font face="Times New Roman">&bull; Annual defined contribution limit: $45,000&nbsp;</font></span></p><p /><p style="BACKGROUND: white"><span style="FONT-SIZE: 10pt; COLOR: #444444"><font face="Times New Roman">&bull; Annual compensation limit: $225,000&nbsp;</font></span></p><p /><p style="BACKGROUND: white"><span style="FONT-SIZE: 10pt; COLOR: #444444"><font face="Times New Roman">&bull; 401(k) elective deferral limit: $15,500&nbsp;</font></span></p><p /><p style="BACKGROUND: white"><span style="FONT-SIZE: 10pt; COLOR: #444444"><font face="Times New Roman">&bull; Highly compensated employee limit: $100,000.&nbsp;</font></span></p><p /><p style="BACKGROUND: white"><span style="FONT-SIZE: 10pt; COLOR: #444444"><font face="Times New Roman">The full text of IRS New Release is available at </font></span></p><p /><p style="BACKGROUND: white"><span style="FONT-SIZE: 8.5pt; COLOR: #444444"><a href="http://www.irs.gov/retirement/article/0,,id=96461,00.html"><font face="Times New Roman" color="#0033cc">http://www.irs.gov/retirement/article/0,,id=96461,00.html</font></a></span></p><p style="BACKGROUND: white"><span style="FONT-SIZE: 8.5pt; COLOR: #444444"></span><p /></p><p>For more information on how start&nbsp;a&nbsp;401k plan contact StaffScapes at 303-466-7864</p></font></span></h3> 9 application/xml false 401k COLA's defined contribution plans IRS PEO PEO 401k Plans Retirement plans IRS Retirement Article IRS issues 2007 retirement plan limits http://www.irs.gov/retirement/article/0,,id=96461,00.html Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; SV1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 jimt false true false false true 147682 blog blogsite/StaffScapes/web