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The limits for 2007 have been announced.

Salary Deferral limit increases from $15,000 to $15,500
Catch up contributions remain the same at $5,000

Total limit, employee + Employer increases from $44,000 to $45,000

SIMPLE IRA contributions increase from $10,000 to $10,500
Catch ups in SIMPLEs remain at $2,500

Definition of Highly Compensated Employee remains at $100,000
Compensation limit is raised from $220,000 to $225,000

Separately, the Pension Protection Act has made the Roth 401k permanent. This was due to sunset in 2010.


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