The Internal Revenue Service announced cost-of-living adjustments applicable to dollar limitations for qualified plans and other items for tax year 2013.
Code Section | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
401(a)(17)/404(l) Annual Compensation |
$255,000 | $250,000 | $245,000 | $245,000 | $245,000 | $230,000 | $225,000 | $220,000 |
402(g)(1) Elective Deferrals | 17,500 | 17,000 | 16,500 | 16,500 | 16,500 | 15,500 | 5,500 | 15,000 |
415(b)(1)(A) DB Limits | 205,000 | 200,000 | 195,000 | 195,000 | 195,000 | 185,000 | 180,000 | 175,000 |
415(c)(1)(A) DC Limits | 51,000 | 50,000 | 49,000 | 49,000 | 49,000 | 46,000 | 45,000 | 44,000 |
414(v)(2)(B)(i) Catch-up Contributions |
5,500 | 5,500 | 5,500 | 5,500 | 5,500 | 5,000 | 5,000 | 5,000 |
414(v)(2)(B)(ii) Simple Catch-up Contributions |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 |
408(k)(2)(C) SEP Minimum Compensation |
550 | 550 | 550 | 550 | 550 | 500 | 500 | 450 |
408(k)(3)(C) SEP Maximum Compensation |
255,000 | 250,000 | 245,000 | 245,000 | 245,000 | 230,000 | 225,000 | 220,000 |
408(p)(2)(E) Simple Maximum Contributions |
12,000 | 11,500 | 11,500 | 11,500 | 11,500 | 10,500 | 10,500 | 10,000 |
409(o)(1)(C) ESOP | 1,035,000 | 1,015,000 | 985,000 | 985,000 | 985,000 | 935,000 | 915,000 | 885,000 |
Distribution Limits | 205,000 | 200,000 | 195,000 | 195,000 | 195,000 | 185,000 | 180,000 | 175,000 |
414(q)(1)(B) HCE Compensation Threshold |
115,000 | 115,000 | 110,000 | 110,000 | 110,000 | 105,000 | 100,000 | 100,000 |
416(i)(1)(A)(i) Key Employee | 165,000 | 165,000 | 160,000 | 160,000 | 160,000 | 150,000 | 145,000 | 140,000 |
457(e)(15) Deferral Limits | 17,500 | 17,000 | 16,500 | 16,500 | 16,500 | 15,500 | 15,500 | 15,000 |
Taxable Wage Base | 113,700 | 110,000 | 106,800 | 106,800 | 106,800 | 102,000 | 97,500 | 94,200 |
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.