IRS Limits

FOR PLAN YEARS BEGINNING IN

2012

2010/2011

2009

2008

2007

 Taxable Wage Base

$110,100

$106,800

$106,800

$102,000

$97,500

 Medicare Taxable Wage Base

No Limit

No Limit

No Limit

No Limit

No Limit

 Defined Benefit Limit

$200,000

$195,000

$195,000

$185,000

$180,000

 Compensation Limit

$250,000

$245,000

$245,000

$230,000

$225,000

 SEP Coverage

$550

$550

$550

$500

$500

 
       

 KEY EMPLOYEE

2012

2010/2011

2009

2008

2007

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
 
       
 HIGHLY COMPENSATED EMPLOYEES
2012

2010/2011

2009

2008

2007

Compensation Exceeding

$115,000
$110,000
$110,000
$105,000
$100,000

Top Paid Group and Compensation Exceeding

$115,000
$110,000
$110,000
$105,000
$100,000
A more than 5% Owner
 
       
FOR PLAN YEARS ENDING IN
2012

2010/2011

2009

2008

2007

 Defined Contribution Limit

$50,000

 $49,000

 $49,000

 $46,000

 $45,000

 
       
FOR CALENDAR YEAR
2012

2010/2011

2009

2008

2007

 401(k) Deferral Limit

$17,000

$16,500

$16,500

$15,500

$15,500

 401(k) "Catch-Up" Contribution *

$5,500

$5,500

$5,500

$5,000

$5,000

 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.