- Life Insurance
- Disability
- Long-Term Care
Private Client Services Resources.
Retirement Plan Table
|
VIII. Retirement Plan Limits |
2011 |
2012 |
|
|
Annual compensation limit |
$ 245,000 |
$ 250,000 |
|
|
Defined benefit plan |
195,000 |
200,000 |
|
|
Defined contribution plan |
49,000 |
50,000 |
|
|
IRA - Maximum contribution Age 49 & Below |
5,000 |
5,000 |
|
|
IRA - Maximum contribution Age 50 & Above |
6,000 |
6,000 |
|
|
403 (b) plan |
16,500 |
17,000 |
|
|
403 (b) catch-up contribution |
5,500 |
5,500 |
|
|
401 (k) plan SEP |
16,500 |
17,000 |
|
|
401(k) catch-up contribution |
5,500 |
5,500 |
|
|
457 plan |
16,500 |
17,000 |
|
|
457 catch-up contribution |
5,500 |
5,500 |
|
|
SIMPLE |
11,500 |
11,500 |
|
|
SIMPLE catch-up contribution |
2,500 |
2,500 |
|
The information presented here is not intended to be a comprehensive analysis. Chernoff Diamond is a benefits advisory firm and does not provide tax or legal advice. Individuals or Employers should consult with qualified legal and/or tax counsel for guidance in respect of matters of law, tax, and related regulation.