ERISA/Benefits - Annual Retirement Plan Limits
2012 Internal Revenue Code Limits for Employee Benefit Plans
| BENEFIT PLAN LIMITATIONS |
2012
|
2011
|
| Compensation Limit | ||
| (Code Section 401(a)(17)) |
$250,000
|
$245,000
|
| Elective Contribution Limits | ||
| 401(k), 403(b), 457(b) and SARSEP Plan Contributions |
$17,000
|
$16,500
|
| Catch-up Contributions for 401(k), 403(b), 457(b) and SARSEP Plans |
$5,500
|
$5,500
|
| SIMPLE 401(k) Plans |
$11,500
|
$11,500
|
| Catch-up Contributions for SIMPLE 401(k) Plans |
$2,500
|
$2,500
|
| Highly Compensated Employee (Code Section 414(q)) | ||
| Annual Compensation for determining Highly Compensated Employee status |
$115,000
|
$110,000
|
| Maximum Benefit/Contribution Limits (Code Section 415) | ||
| Defined Benefit Plan Annual Limit (Code Section 415(b)) |
$200,000 |
$195,000 |
| Defined Contribution Plan Annual Limit (Code Section 415(c)) |
$50,000
|
$49,000
|
| Top Heavy Status (Code Section 416(i)) | ||
| Compensation for determining Key Employee status for Officers |
$165,000
|
$160,000
|
| Social Security Wage Base |
$110,100
|
$106,800
|
