| Plan/IRA Limits |
2012 |
2011 |
2010 |
| 401(k), 403(b), and SARSEP maximum deferral |
$17,000 |
$16,500 |
$16,500 |
| 457 maximum deferral |
$17,000 |
$16,500 |
$16,500 |
| Catch-up for 401(k), 403(b), SARSEP, and 457 |
$5,500 |
$5,500 |
$5,500 |
| SIMPLE election maximum deferral |
$11,500 |
$11,500 |
$11,500 |
| Catch-up for SIMPLE |
$2,500 |
$2,500 |
$2,500 |
| Defined Benefit-annual benefit |
$200,000 |
$195,000 |
$195,000 |
| Defined Contribution-annual contributions |
$50,000 |
$49,000 |
$49,000 |
| IRA limit |
$5,000 |
$5,000 |
$5,000 |
| IRA catch-up |
$1,000 |
$1,000 |
$1,000 |
| |
|
|
|
| Compensation Limits |
2012 |
2011 |
2010 |
| Maximum compensation |
$250,000 |
$245,000 |
$245,000 |
| SEP annual compensation floor |
$550 |
$550 |
$550 |
| |
|
|
|
| Highly Compensated Employees |
2012 |
2011 |
2010 |
| Any employee compensation |
$115,000 |
$110,000 |
$110,000 |
| |
|
|
|
| Key Employees |
2012 |
2011 |
2010 |
| Officer compensation |
$165,000 |
$160,000 |
$160,000 |
| 1% owner |
|
$150,000 |
$150,000 |
| |
|
|
|
| Covered Compensation Limits |
2012 |
2011 |
2010 |
| Social Security |
$110,100 |
$106,800 |
$106,800 |
| Medicare |
no limit |
no limit |
no limit |
| |
|
|
|
| IRA Phase-out Range and Limits* |
2012 |
2011 |
2010 |
| Single Covered by employer plan |
$58,000-68,000
|
$56,000-66,000
|
$56,000-66,000
|
| Married filing jointly Covered by employer plan |
$92,000-112,000
|
$90,000-110,000
|
$89,000-109,000
|
| Married filing jointly Not covered but spouse is covered |
$173,000-183,000
|
$169,000-179,000
|
$167,000-177,000
|
| *If single or married filing jointly and neither spouse is covered, there is no limit |
| Roth IRA Phase-out Range and Limits |
2012 |
2011 |
2010 |
| Single |
$110,000-125,000
|
$107,000-122,000
|
$105,000-120,000
|
| Married filing jointly |
$173,000-183,000
|
$169,000-179,000
|
$167,000-177,000
|
Copyright © 2009 Benefit Design Services Corporation |
5015 Campuswood Dr, Suite 204, East Syracuse, NY 13057 (map) |
Phone: (315) 437-2484 |
Contact |
Login
(315)437-2484
5015 Campuswood Dr, Ste 204, E. Syracuse, NY
