401k Plan Contribution Limits and Other Key Numbers

IRS Limit 2012 2011 2010
Defined Contribution Limitation $50,000 $49,000 $49,000
Annual Deferral for 401(k) Plans $17,000 $16,500 $16,500
401(k) Catch-Up Contribution (over the age of 50) $5,500 $5,500 $5,500
Annual Limit on Compensation $250,000 $245,000 $245,000
Threshold for Highly Compensated Employees $115,000 $110,000 $110,000
Key Employee Threshold for Offices $165,000 $160,000 $160,000
Social Security Taxable Wage Base $110,100 $106,800 $106,800

SIMPLE Plans

Annual Deferrals $11,500 $11,500 $11,500
Catch up Contributions (over the age of 50) $2,500 $2,500 $2,500

IRA's

Annual Contribution $5,000 $5,000 $5,000
Catch up Contributions (over the age of 50) $1,000 $1,000 $1,000

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