2012 IRS Limits

 

IRS Limits on Benefits and Compensation 
 
2012
 
2011
 
2010
Defined contribution plan annual additions limit
$50,000
$49,000
$49,000
Maximum elective deferral for 401(k) and 403(b) plans
$17,000
$16,500
$16,500
Maximum deferral limit for Section 457 plans
$17,000
$16,500
$16,500
Highly compensated employee pay threshold
$115,000
$110,000
$110,000
Qualified plan compensation limit
$250,000
$245,000
$245,000
SIMPLE plan maximum elective deferral
$11,500
$11,500
$11,500
Social Security Taxable Wage Base
$110,100
$106,800
$106,800
Catch-up contribution (age 50 or older) for 401(k), 403(b) and 457 plans
$5,500
$5,500
$5,500
Catch-up contribution (age 50 or older) for SIMPLE 401(k)
$2,500
$2,500
$2,500
Defined Benefit Annual Plan Limit
$200,000
$195,000
$195,000