Plan Limits
This chart can be very useful with regards to annual plan contribution limits for different types of qualified retirement plans. If you have any questions about this chart, or you wish to learn more about how you can maximize the benefits of your company’s retirement plan, please contact your plan administrator.
2013 |
2012 |
2011 |
2010 |
|
Compensation |
$255,000 | $250,000 | $245,000 | $245,000 |
Limits on benefits and contributions: |
||||
| Defined contribution plans | $51,000 | $50,000 | $49,000 | $49,000 |
| Defined benefit plans | $205,000 | $200,000 | $195,000 | $195,000 |
| 401(k), 403(b) and 457 plan elective deferrals | $17,500 | $17,000 | $16,500 | $16,500 |
| SIMPLE plan elective deferrals | $12,000 | $11,500 | $11,500 | $11,500 |
| IRA | $5,500 | $5,000 | $5,000 | $5,000 |
Catch-up contributions: |
||||
| 401(k), 403(b) and 457 plans | $5,500 | $5,500 | $5,500 | $5,500 |
| SIMPLE plans | $2,500 | $2,500 | $2,500 | $2,500 |
| IRA | $1,000 | $1,000 | $1,000 | $1,000 |
“Highly Compensated” definition |
$115,000 | $115,000 | $110,000 | $110,000 |
“Key Employee” definition |
||||
| Officer | $165,000 | $165,000 | $160,000 | $160,000 |
| 1% Owner | $150,000 | $150,000 | $150,000 | $150,000 |
Social Security Taxable wage base |
$113,700 | $110,100 | $106,800 | $106,800 |
