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RETIREMENT PLAN LIMITS FOR 2005The annual defined contribution benefit limit increases from $41,000 to $42,000, and the annual compensation limit increases from $205,000 to $210,000 for 2005. The annual per participant limit on 401(k), 403(b) and 457 plan contributions increases from $13,000 to $14,000, and the maximum "catch-up" contributions for individuals age 50 and over increases from $3,000 to $4,000. The limitation for the definition of "highly compensated employee" increases from $90,000 in annual compensation to $95,000, and the annual compensation threshold for key employees increases to $135,000 from $130,000. The limit on the annual benefit payable under a defined benefit plan increases from $165,000 to $170,000. Andrew
S. Williams
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