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RETIREMENT PLAN DOLLAR-LIMITS
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2012
|
2011
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Individual Retirement Account
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| |
maximum current contribution |
$5,000 |
$5,000 |
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age 50 catch-up contribution limit |
$1,000 |
$1,000 |
Defined Contribution Plans
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| |
25% of compensation to maximum annual contribution of |
$50,000 |
$49,000 |
Defined Benefit Plans
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| |
limitation on annual benefit is: |
$200,000 |
$195,000 |
SIMPLE Salary Deferred Plans
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| |
maximum annual deferral by employee: |
$11,500 |
$11,500 |
| |
age 50 catch-up contribution limit |
$2,500 |
$2,500 |
401(k) Elective Deferral Plans
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| |
maximum annual deferral by employee: |
$17,000 |
$16,500 |
| |
age 50 catch-up contribution limit |
$5,500 |
$5,500 |
403(b) Elective Deferral Plans
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| |
maximum annual deferral by employee: |
$17,000 |
$16,500 |
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age 50 catch-up contribution limit |
$5,500 |
$5,500 |
457 Plans (Government and Tax Exempts)
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| |
maximum annual deferral by employee: |
$17,000 |
$16,500 |
| |
age 50 catch-up contribution limit |
$5,500 |
$5,500 |
Simplified Employee Pensions (SEPs)
|
| |
25% of compensation up to maximum contribution of: |
$50,000 |
$49,000 |
Highly compensated employee threshold
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| |
annual compensation of: |
$115,000 |
$110,000 |
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