Compensation/Benefit Limits
| Limit
|
2012 |
2011 |
2010 |
| Annual Compensation |
$250,000 |
$245,000 |
$245,000 |
| Minimum Compensation - SEP |
$550 |
$550 |
$550 |
| Elective Deferrals - 401(k) |
$17,000 |
$16,500 |
$16,500 |
| Elective Deferrals - SIMPLE |
$11,500 |
$11,500 |
$11,500 |
| Elective Deferrals - 457 |
$17,000 |
$16,500 |
$16,500 |
| Catch-Up Contributions - 401(k) |
$5,500 |
$5,500 |
$5,500 |
| Catch-Up Contributions - SIMPLE |
$2,500 |
$2,500 |
$2,500 |
| 415 Limit - Defined Benefit Plans |
$200,000 |
$195,000 |
$195,000 |
| 415 Limit - Defined Contribution Plans |
$50,000 |
$49,000 |
$49,000 |
Testing Limits
| Limit |
2012 |
2011 |
2010 |
| HCE Determination - Compensation |
$115,000 |
$110,000 |
$110,000 |
| HCE Determination - Top Paid Group |
N/A - Repealed in 1997 |
| HCE Determination - Officer |
N/A - Repealed in 1997 |
| Key Employee - Officer Compensation |
$165,000 |
$160,000 |
$160,000 |
| Key Employee - 1% Owner Compensation |
$150,000 |
$150,000 |
$150,000 |
| Key Employee - Top 10 Owner Compensation |
N/A - Repealed in 2002 |
Other Limits
| Limit |
2012 |
2011 |
2010 |
| Social Security Wage Base |
$110,100 |
$106,800 |
$106,800 |
| Excess Distributions |
N/A - Repealed in 1998 |
| ESOP Tax Credit Maximum Balance |
$1,015,000 |
$985,000 |
$985,000 |
| ESOP 5-year Period |
$200,000 |
$195,000 |
$195,000 |
For additional information on non-calendar plan years, please click here.
|
