RETIREMENT PLAN LIMITS FOR 2009

The annual defined contribution benefit limit increases from $46,000 to $49,000, and the annual compensation limit increases from $230,000 to $245,000 for 2009.  The annual per participant limit on 401(k), 403(b) and 457(b) elective contributions increases from $15,500 to $16,500, and the $5,000 maximum annual "catch-up" contribution for individuals age 50 and over increases to $5,500.  The compensation limitation for the definition of "highly compensated employee" increases from $105,000 to $110,000, and the annual compensation threshold for key employees increases from $150,000 to $160,000.  The limit on the annual benefit payable under a defined benefit plan increases from $185,000 to $195,000.

Andrew S. Williams
Aronberg Goldgehn Davis & Garmisa
One IBM Plaza, Suite 3000
Chicago, Illinois 60611
312/755-3145
awilliams@agdglaw.com