| Pension Plan Limits=20
for the Tax Years 2006 - 2012=20
On October 20, 2011, the Internal Revenue Service announced =
cost of=20
living adjustments affecting dollar limitations for pension plans =
and=20
other retirement-related items for Tax Year 2012. In general, many =
of the=20
pension plan limitations will change for 2012 because the increase =
in the=20
cost-of-living index met the statutory thresholds that trigger =
their=20
adjustment. However, other limitations will remain unchanged.=20
| 401k Plan Limits=20
for Plan Year |
2012 |
2011 |
2010 |
2009 |
2008 |
2007 |
2006 |
| 401k =
Elective=20
Deferrals |
$17,000 |
$16,500 |
$16,500 |
$16,500 |
$15,500 |
$15,500 |
$15,000 |
| Annual Defined=20
Contribution Limit |
$50,000 |
$49,000 |
$49,000 |
$49,000 |
$46,000 |
$45,000 |
$44,000 |
| Annual Compensation=20
Limit |
$250,000 |
$245,000 |
$245,000 |
$245,000 |
$230,000 |
$225,000 |
$220,000 |
| Catch-Up=20
Contribution Limit |
$5,500 |
$5,500 |
$5,500 |
$5,500 |
$5,000 |
$5,000 |
$5,000 |
| Highly Compensated=20
Employees |
$115,000 |
$110,000 |
$110,000 |
$110,000 |
$105,000 |
$100,000 |
$100,000 |
| |
| Non-401k =
Related=20
Limits |
| 403(b)/457 Elective=20
Deferrals |
$17,000 |
$16,500 |
$16,500 |
$16,500 |
$15,500 |
$15,500 |
$15,000 |
| SIMPLE Employee=20
Deferrals |
$11,500 |
$11,500 |
$11,500 |
$11,500 |
$10,500 |
$10,500 |
$10,000 |
| SIMPLE Catch-Up=20
Deferral |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
| SEP =
Minimum=20
Compensation |
$550 |
$550 |
$550 |
$550 |
$500 |
$500 |
$450 |
| SEP =
Annual=20
Compensation Limit |
$250,000 |
$245,000 |
$245,000 |
$245,000 |
$230,000 |
$225,000 |
$220,000 |
| Social Security=20
Wage Base |
$110,100 |
$106,800 |
$106,800 |
$106,800 |
$102,000 |
$97,500 |
$94,200 | |