Useful Figures

IMPORTANT FIGURES

RETIREMENT PLAN DOLLAR LIMITS
(these are the absolute dollar limits. These amounts may be further limited by the actual plan document or IRC Sec 415 and IRC Sec 412 percentage limits)

LIMIT TYPE

2002

2003
2004
2005
2006 2007 2008

401(k) Elective Deferral *

$11,000

$12,000
$13,000
$14,000
$15,000 $15,500 $15,500

IRA/ROTH IRA Limits*** $3,000 $3,000 $3,000 $4,000 $4,000 $4,000 $5,000

SIMPLE Elective Deferrals**

$7,000

$8,000
$9,000
$10,000
$10,500 $10,500 $10,500

SEP Annual Comp Limit

$450

$450
$450
$450
$450 $500 $500

DC Dollar Limit $40,000 $40,000 $41,000 $42,000 $44,000 $45,000 $46,000

DB Max Benefit

$160,000

$160,000
$165,000
$170,000
$175,000 $180,000 $185,000

Compensation Limit

$200,000

$200,000
$205,000
$210,000
$220,000 $225,000 $230,000

Taxable Wage Base

$84,900

$87,000
$87,900
$90,000
$94,200 $97,500 $102,000

Highly Compensated Employee

$90,000

$90,000
$90,000
$95,000
$100,000 $100,000 $105,000

/ * &*** Catchup Amounts for those over age 50 in any plan year	2002	2003	2004	2005	2006	2007	2008
* Plus addl Catch-up Deferrals	$1,000	$2,000	$3,000	$4,000	$5,000	$5,000	$5,000
** Plus addl Catch-up Deferrals	$500	$1,000	$1,500	$2,000	$2,500	$2,500	$2,500
*** Plus addl Catch-up Deferrals	$500	$500	$500	$500	$1,000	$1,000	$1,000

IRC Section 401(a)(4) Minimum Distribution Factors*

Age	Distribution Period	Age	Distribution Period
70	27.4	76	22.0
71	26.5	77	21.2
72	25.6	78	20.3
73	24.7	79	19.5
74	23.8	80	18.7
75	22.9	81	17.9

* These are uniform life table factors (ie: they are not j&s factors)

Federal Estate Tax Figures

Year	Effective Exemption	Credit
1999	$650,000	$211,300
2000 & 01	$675,000	$220,550
2002 & 03	$700,000	$229,800
2004	$850,000	$287,300
2005	$950,000	$326,300
2006 & on	$1,000,000	$345,800

IRA Deduction Phase out Limits
(for "active" participants in a qualified plan)
Annual contributions to an IRA and ROTH are limited to $4,000 beginning in 2005 through 2007, reduced by contributions to any other type of IRA (i.e.: ROTH) and are not allowed to be made by individuals over age 70 1/2. However, not all contributions to IRAs are deductible if you are an active participant in a Qualified Plan (ie: is the "pension plan" box checked on your IRS Form W2 for the applicable tax year). Deductions for the IRA contributions are subject to income limits and phased out as follows:

Tax years beginning in	Single Taxpayer	Married Filing Jointly
1998	$30,000-40,000	$50,000-60,000
1999	$31,000-41,000	$51,000-61,000
2000	$32,000-42,000	$52,000-62,000
2001	$33,000-43,000	$53,000-63,000
2002	$34,000-44,000	$54,000-64,000
2003	$40,000-50,000	$60,000-70,000
2004	$45,000-55,000	$65,000-75,000
2005	$50,000-60,000	$70,000-$80,000
2006	$50,000-60,000	$75,000-$85,000
2007	$50,000-60,000	$80,000-$100,000

ROTH IRA Limits

Annual contributions to a Roth IRA are $4,000 for 2005 through 2007, reduced by contributions to any other type of IRA. Not all individuals can make Roth IRA contributions. They are subject to income limits and phased out as follows:

Married taxpayers filing jointly................$150,000-$160,000

Married taxpayers filing separately...........$0
Single taxpayers..................................... $95,000-$110,000.