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IRS Limits
FOR PLAN YEARS BEGINNING IN
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2012 |
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Taxable Wage Base |
$110,100 |
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Medicare Taxable Wage Base |
No Limit |
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Defined Benefit Limit |
$200,000 |
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Compensation Limit |
$250,000 |
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SEP Coverage |
$550 |
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KEY EMPLOYEE |
2012 |
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| Officer Compensation Exceeding |
$165,000 |
$160,000 |
$160,000 |
$150,000 |
$145,000 |
| A more than 1% Owner Compensation Exceeding |
$150,000 |
$150,000 |
$150,000 |
$150,000 |
$150,000 |
| A more than 5% Owner |
— |
— |
— |
— |
— |
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HIGHLY COMPENSATED EMPLOYEES |
2012 |
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Compensation Exceeding |
$115,000 |
$110,000
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$110,000
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$105,000
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$100,000
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Top Paid Group and Compensation Exceeding |
$115,000 |
$110,000
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$110,000
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$105,000
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$100,000
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| A more than 5% Owner |
— |
— |
— |
— |
— |
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FOR PLAN YEARS ENDING IN |
2012 |
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Defined Contribution Limit
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$50,000 |
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FOR CALENDAR YEAR |
2012 |
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401(k) Deferral Limit |
$17,000 |
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401(k) "Catch-Up" Contribution * |
$5,500 |
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Simple Deferral Limit |
$11,500 |
$11,500 |
$11,500 |
$10,500 |
$10,500 |
Simple "Catch-up" Cont. |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
* Applies to Participants who have their 50th birthday (or older) during the calendar year.
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