Contribution Limits
Contribution Limits for 2012
Retirement Plan Limitations
Recently, The Internal Revenue Service issued the pension plan limitations for the 2012 tax year. Below is a summary of these limitations as compared with 2011. This is for informational purposes and may be used for year-end planning of your
LIMITS 2012 2011
401(k) Elective Deferrals (calendar year) $ 17,000 $ 16,500
401(k) Catch-up Contribution (age 50 & older) $ 5,500 $ 5,500
Annual Contribution Limit 415(c)(1)(A) $ 50,000 $ 49,000
Annual Contribution Limit 415(c)(1)(A) with catch up $ 55,500 $ 54,500
Plan Compensation Limit $250,000 $245,000
Social Security Wage Base $110,100 $106,800
Highly Compensated Employee Compensation $115,000 $110,000
Officer Compensation for Key Employee
Definition $165,000 $160,000
If you have any questions regarding the above, please give our office a call at 414-545-0085.
