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401(k)/403(b) & Pension Plan Limitations for Tax Years 2011 and 2012 Print E-mail
Written by Marshall Cobb   
Friday, 21 October 2011 00:00

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Cobb Retirement Solutions, LLC (CRS) is a Registered Investment Advisor. This information has been prepared for your general use based on IRS News Release IR-2011-103, Oct. 20, 2011. CRS is not the source of this data and therefore cannot warrant its accuracy. Please note this information is not intended to be tax or legal advice - which CRS does not offer. Please consult your tax or legal professional for any specific questions you may have.

401(k)/403(b) Plan Limits
2012
2011
401(k)/403(b) Elective Deferrals
$17,000
$16,500
Annual Defined Contribution Limit
$50,000
$49,000
Annual Compensation Limit
$250,000
$245,000
Annual Catch-Up Contribution Limit
$5,500
$5,500
Highly Compensated Employee
$115,000
$110,000
Key Employee In Top Heavy Plan
$165,000
$160,000

Non-401(k) Related Limits
2012
2011
Defined Benefit Plan Annual Benefit Limits
$200,000
$195,000
403(b)/457 Elective Deferrals
$17,000
$16,500
SIMPLE Employee Deferrals
$11,500
$11,500
SIMPLE Catch-Up Deferral
$2,500
$2,500
SEP Minimal Compensation
$550
$550
SEP Annual Compensation Limit
$250,000
$245,000
Social Security Wage Base
$110,100
$106,800
ESOP Limits
2012
2011
Maximum Account Balance
$1,015,000
$985,000
Amount For Lengthen 5-Year ESOP Period
$200,000
$195,000

 

 

Marshall J. Cobb, CRSP, is president and founder of Cobb Retirement Solutions, LLC., an independent, fee-only firm offering qualified plan analysis and oversight exclusively to corporations and organizations. Cobb's first-hand knowledge as a veteran representative of retirement plan vendors beginning in 1990 gives him a unique perspective as he advises his clients. Cobb runs his office -- based in Houston, Texas -- with employees and clients across the country.

 

For additional information on this Newsletter article, please contact:

Cobb Retirement Solutions, LLC
(713) 660-9605
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
 
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