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2013 Retirement Plan Contribution Limits

 

Defined Contribution Plan Limits
For 401(k), 403(b) and most 457 plans, below are the COLA increases for dollar limits on benefits and contributions.

2013

Maximum elective deferral by employee.

$17,500

Catch-up contribution (age 50 and older during 2012).

$5,500

Defined contribution maximum deferral (employer/employee combined).

$51,000

Employee annual compensation limit for calculating contributions.

$255,000

Annual compensation of "key employees" in a top-heavy plan.

$165,000

Annual compensation of "highly compensated employee" in a top-heavy plan.

$115,000

 

Non-401(k) Workplace Retirement Plan Limits

2013

SIMPLE employee deferrals

$12,000

SIMPLE catch-up deferrals

$2,500

SEP minimum compensation

$550

SEP annual compensation limit

$255,000

ESOP maximum account balance subject to the five-year distribution period

$205,000

Social Security wage base

$113,700