IRS Limits for 2002

Defined Contribution Plan Dollar Limit on Annual Additions

$40,000

Defined Benefit Plan Limit on Annual Benefits

$160,000

Maximum Compensation used to determine Benefits of Contributions

$200,000

401(k), SARSEP, & 403(b) Plan Deferrals/Catch-up

$11,000/$1,000

457 Plan Deferrals/Catch-up

$11,000/$1,000

SIMPLE Deferrals/Catch-up

$7,000/$500

IRA Contribution/Catch-up

$3,000/$500

Compensation Defining Highly Compensated Employee

$90,000

Compensation Defining Key Employee (Officer)

$130,000

Annual Compensation Triggering Simplified Employee Pension (SEP) Contribution Requirement

$450

Social Security Wage Base for 2002

Social Security Taxable Wage Base (SSTWB)

$84,900