Knowledge Center
Employee Benefit Plans Selected Maximum Dollar Limits 2012
| 2008 | 2009 | 2010 | 2011 | 2012 | |
|---|---|---|---|---|---|
|
Elective Deferral Limit a, b
401(k), 403(b) & SAR-SEP |
$15,500 | $16,500 | $16,500 | $16,500 | $17,000 |
|
Elective Deferral Limit a, c |
$15,500 | $16,500 | $16,500 | $16,500 | $17,000 |
|
Catch-up (age 50 & over) a |
$5,000 | $5,500 | $5,500 | $5,500 | $5,500 |
|
SIMPLE Retirement Accountsb |
$10,500 | $11,500 | $11,500 | $11,500 | $11,500 |
|
Catch-up (age 50 & over) a |
$2,500 | $2,500 | $2,500 | $2,500 | $2,500 |
|
Defined Contribution Plans |
$45,000 | $49,000 | $49,000 | $49,000 | $50,000 |
|
Defined Benefit Plans |
$185,000 | $195,000 | $195,000 | $195,000 | $200,000 |
|
Annual Compensation Limit |
$230,000 | $245,000 | $245,000 | $245,000 | $250,000 |
|
Highly Compensated |
$105,000 | $110,000 | $110,000 | $110,000 | $115,000 |
|
SEP Coverage |
$500 | $550 | $550 | $550 | $550 |
|
Social Security Limit |
$102,000 | $106,800 | $106,800 | $106,800 | $110,100 |
a Limits set by law through 2006. Indexed after 2006.
b Aggregate deferral limit per individual for any combination of plans.
c Starting in 2002, 457 plans are not included in the aggregate individual limit. A maximum deferral of $16,500 to a 457 plan plus a maximum deferral of $16,500 to any combination of 401(k), 403(b), SAR-SEP & Simple plans for a total maximum deferral of $33,000 in 2011.
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