The IRS sets annual limits on the amount of wages that you may defer. These limits are tied to inflation statistics, which are recalculated each fall. At the time of this newsletter, the IRS has not announced whether the annual deferral limits will change for 2008.

The 2008 deferral limits will be posted to our web site as soon as the Internal Revenue Service makes their official announcement. You may also call our Service Center to inquire about the deferral limits and initiate an increase to your deferral amount.