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| IRS Limits on Benefits and Compensation |
2012 |
2010-11 |
2009 |
2008 |
2007 |
2006 |
2005 |
| Defined Benefit Maximum Annual Pension |
$200,000 | $195,000 |
$195,000 |
$185,000 |
$180,000 |
$175,000 |
$170,000 |
| Defined Contribution Maximum Annual Addition |
$50,000 |
$49,000 |
$49,000 |
$46,000 |
$45,000 |
$44,000 |
$42,000 |
| 401(k) Plan Maximum Elective Deferral |
$17,000 |
$16,500 |
$16,500 |
$15,500 |
$15,500 |
$15,000 |
$14,000 |
| SIMPLE Plans Maximum Elective Deferral |
$11,500 |
$11,500 |
$11,500 |
$10,500 |
$10,500 |
$10,000 |
$10,000 |
| Qualified Plans Maximum Compensation |
$250,000 |
$245,000 |
$245,000 |
$230,000 |
$225,000 |
$220,000 |
$210,000 |
| Catch-Up Contribution Limit |
$5,500 |
$5,500 |
$5,500 |
$5,000 |
$5,000 |
$5,000 |
$4,000 |
| Highly Compensated (HC) |
>$115,000 |
>$110,000 |
>$110,000 |
>$105,000 |
>$100,000 |
>$100,000 |
>$95,000 |
| HC/Top-Paid Group (Elective) |
20% |
20% |
20% |
20% |
20% |
20% |
20% |
| Owner Percentage |
>5% |
>5% |
>5% |
>5% |
>5% |
>5% |
>5% |
| |
| Pension, Social Security/Medicare Tax and Miscellaneous |
2012 |
2010-11 |
2009 |
2008 |
2007 |
2006 |
2005 |
| Taxable Wage Base Social Security |
$110,000 |
$106,800 |
$106,800 |
$102,000 |
$97,500 |
$94,200 |
$90,000 |
| 403(b)/457 Elective Deferrals |
$17,000 |
$16,500 |
$16,500 |
$15,500 |
$15,500 |
$15,000 |
$14,000 |
| Income Threshold Age 62 |
$14,160 |
$14,160 |
$14,160 |
$13,560 |
$12,960 |
$12,480 |
$12,000 |
| SEP Annual Compensation Limit |
$250,000 |
$245,000 |
$245,000 |
$230,000 |
$225,000 |
$220,000 |
$210,000 |
| SEP Minimum Wages |
$550 |
$550 |
$550 |
$500 |
$500 |
$450 |
$450 |
| SIMPLE Catch-Up (Age 50 and over) |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,000 |
|