2007 2006
Maximum Compensation Limit $225,000 $220,000
Maximum annual addition dollar limit $ 45,000 $ 44,000
Maximum annual addition percentage of compensation cap 100% of pay 100% of pay
Maximum 401(k) Contribution Dollar Limit $ 15,500 $ 15,000
Maximum 401(k) "Catchup" Contribution* $ 5,000 $ 5,000
Social Security Taxable Wage Base $ 97,500 $ 94,200
Maximum Percentage for Permitted Disparity 5.7% 5.7%
Defined Benefit Plan Maximum Annual Benefit $180,000 $175,000
* Plan Participants who are 50 or older in 2007 who make the maximum 401(k) contribution may also make a 401(k) "catchup" contribution of $5,000 in calendar year 2007. The "catchup" contribution does not count as part of the maximum annual addition limit. Accordingly, in calendar year 2007, a participant in a 401(k) profit-sharing plan can make a 401(k) contribution of $15,500, a 401(k) catchup contribution of $5,000 and also receive employer contributions of up to $29,500 for a total of $50,000.