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Description |
2003 |
2004 |
| 401(k) and 403(b) elective deferral limit |
$12,000 |
$13,000 |
| Catch up contributions |
$2,000 |
$3,000 |
| 457 deferral limit |
$12,000 |
$13,000 |
| Annual compensation limit |
$200,000 |
$205,000 |
| Maximum pension |
$160,000 |
$165,000 |
| Annual contribution limit under a defined
contribution plan |
$40,000 |
$41,000 |
| Compensation dollar limit for determining
highly compensated employees |
$90,000 |
$90,000 |
| Social Security Taxable Wage Base is increased |
$87,000 |
$87,900 |
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Copyright © 2004 North Central Trust Company |
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