The Internal Revenue Service ("IRS") has announced its annual cost-of-living adjustments for the 2007 tax year. These IRS adjustments affect the amount of benefits payable and the amount of contributions allocable under retirement plans, including 401(k) plans, defined benefit pension plans, employee stock ownership plans ("ESOPs"), and simplified employee pensions ("SEPs"). The chart will be updated again when new limits from the Social Security Administration and Pension benefit Guaranty Corporation are announced. Please click here to view the 2007 COLA chart.