Contribution Limits

Annual Dollar Limits

The table below shows the 2010 and 2011 dollar limitations that affect qualified plans.

Description 2011     2012
IRA $5,000     $5,000
IRA Catch-up (50 or older) $1,000     $1,000
401(k), 403(b) & 457 Deferrals $16,500     $17,000
401(k), 403(b) & 457 Catch-up $5,500     $5,500
SIMPLE Deferrals $11,500     $11,500
SIMPLE Catch-up $2,500     $2,500
Section 415 Limit $49,000     $50,000
Defined Benefit Limit $195,000     $200,000
Compensation Limit $245,000     $250,000
HCE Comp Limit $110,000     $115,000
Key Employee Officer $160,000     $165,000
   

2011 Traditional IRA if you are NOT covered by a retirement plan at work

2011 Traditional IRA if you ARE covered by a retirement plan at work

2011 Roth IRA Limits

2012 Traditional IRA if you are NOT covered by a retirement plan at work

2012 Traditional IRA if you ARE covered by a retirement plan at work

2012 Roth IRA Limits

Key Articles of Interest