What are Defined Contribution Plans?   Defined Contribution Plans provide an individual account for each participant. Benefits are largely based on the amount contributed; however, they are also affected by income, expenses, gains, and losses. Annual contributions (excluding earnings) to defined contribution plans may not exceed the smaller of $40,000 or 25% of a participant's compensation beginning in 2002.   SEE ALSO: 401(k) Plans   IRC Sec. 415 Limit The defined contribution plan annual benefit limit is increased to $40,000 (from $30,000), indexed, and the corresponding percent-of-compensation limit raised from 25% to 100%.   Click here for books and CDs   Select an Administrator and Open an Account webmaster@ekeogh.com ekeogh is brought to you by Entrust Administration 1.800.392.9653