10 Year COLA Summary Page (2012-2008)
(2007-2003 Here)
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Qualified Plans Limits |
2013 |
2012 |
2011 |
2010 |
2009 |
401(k), 403(b) and SARSEP maximum deferral [402(g)] |
$17,500 | $17,000 |
$16,500 |
$16,500 |
$16,500 |
457 maximum deferral |
17,500 | 17,000 |
16,500 |
16,500 |
16,500 |
Catch-Up for 401(k), 403(b), SARSEP, and 457 |
5,500 | 5,500 |
5,500 |
5,500 |
5,500 |
SIMPLE election maximum deferral |
12,000 | 11,500 |
11,500 |
11,500 |
11,500 |
Catch-Up for SIMPLE |
2,500 | 2,500 |
2,500 |
2,500 |
2,500 |
DB - annual benefit |
205,000 | 200,000 |
195,000 |
195,000 |
195,000 |
DC - annual contributions |
51,000 | 50,000 |
49,000 |
49,000 |
49,000 |
IRA limit |
5,500 | 5,000 |
5,000 |
5,000 |
5,000 |
IRA catch up |
1,000 |
1,000 |
1,000 |
1,000 |
|
Compensation Limits |
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Maximum compensation |
255,000 |
250,000 |
245,000 |
245,000 |
245,000 |
SEP annual compensation floor |
550 |
550 |
550 |
550 |
550 |
Highly compensated employees |
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Any employee compensation |
115,000 |
115,000 |
110,000 |
110,000 |
105,000 |
Key Employees |
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Officer compensation |
165,000 |
165,000 |
160,000 |
160,000 |
160,000 |
1% owner |
150,000 |
150,000 |
150,000 |
150,000 |
150,000 |
Covered Compensation Limits |
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Social Security |
113,700 |
110,100 |
106,800 |
106,800 |
106,800 |
Medicare |
no limit |
no limit |
no limit |
no limit |
no limit |
FICA and SECA tax rates |
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OASDI (ER and Ee, each) |
6.20% |
6.20% |
6.20% |
6.20% |
6.20% |
Medicare (ER and Ee, each) |
1.45% |
1.45% |
1.45% |
1.45% |
1.45% |
Combined rate (ER and Ee, each) |
7.65% |
7.65% |
7.65% |
7.65% |
7.65% |
OASDI (self-employed) |
12.40% |
12.40% |
12.40% |
12.40% |
12.40% |
Medicare (self-employed) |
2.90% |
2.90% |
2.90% |
2.90% |
2.90% |
Combined rate (self-employed) |
15.30% |
15.30% |
15.30% |
15.30% |
15.30% |
ESOP Distribution |
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Normal dist. Period (years) |
5 |
5 |
5 |
5 |
5 |
Threshold account balance IRC 409(o)(1)(c) |
1,035,000 |
1,015,000 |
985,000 |
985,000 |
985,000 |
One year extension threshold IRC 409(o)(1)(c)(ii) |
205,000 |
200,000 |
195,000 |
195,000 |
195,000 |
Max. additional distribution periods allowable years |
5 |
5 |
5 |
5 |
5 |
Maximum PBGC - Insured Annuity (ERISA Reg. 4022.23(c)) |
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Age 65/100% Paid |
4,789.77 |
4,653.41 |
4,500.00 |
4,500.00 |
4,500.00 |
Age 64/93% |
4,454.49 |
4,327.67 |
4,185.00 |
4,185.00 |
4,185.00 |
Age 63/86% |
4,119.20 |
4,001.93 |
3,870.00 |
3,870.00 |
3,870.00 |
Age 62/79% |
3,783.92 |
3,676.19 |
3,555.00 |
3,555.00 |
3,555.00 |
Age 61/72% |
3,448.63 |
3,350.46 |
3,240.00 |
3,240.00 |
3,240.00 |
Age 60/65% |
3,113.35 |
3,024.72 |
2,925.00 |
2,925.00 |
2,925.00 |
Age 59/61% |
2,921.76 |
2,838.58 |
2,745.00 |
2,745.00 |
2,745.00 |
Age 58/61% |
2,730.17 |
2,652.44 |
2,565.00 |
2,565.00 |
2,565.00 |
Age 57/53% |
2,538.58 |
2,466.31 |
2,385.00 |
2,385.00 |
2,385.00 |
Age 56/49% |
2,346.99 |
2,280.17 |
2,205.00 |
2,205.00 |
2,205.00 |
Age 55/45% |
2,155.40 |
2,094.03 |
2,025.00 |
2,025.00 |
2,025.00 |
