Smith & Hinckley, P.C.

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    2006 2005
Deferral Limits for Plans    
  IRC 401(k) $15,000 $14,000
  SIMPLE $9,000 $10,000
  IRC 403(b) $14,000 $14,000
  IRC 457 $15,000 $14,000
Catch-Up Contributions for Participants Age 50 or Older    
  401(k) Plans $5,000 $4,000
  SIMPLE Plans $2,500 $2,000
Qualified Plans - Annual Compensation Limit $220,000 $210,000
Defined Contribution - Maximum Annual Benefit $44,000 $42,000
     
IRA Contribution Limits $4,000 $4,000
Catch-Up Contributions for Participants Age 50 or Older $1000 $500