IRS Announces Key 2012 Indexed Limits

 
Benefits Brief
October 27, 2011

The IRS has recently announced the various qualified plan related limits for 2012. The following table includes the more widely used limits relating to qualified plans and includes both the 2011 and 2012 amounts.

 

2011

2012

Compensation limit

$245,000

$250,000

Section 415(b) limit

$195,000

$200,000

Section 415(c) limit

$49,000

$50,000

Section 402(g)/401(k) limit

$16,500

$17,000

Catch-up contributions

$5,500

$5,500

HCE threshold

$110,000

$115,000

Officer (top heavy) threshold

$160,000

$165,000

Taxable Wage Base

$106,800

$110,100


QUALIFIED PLAN YEAR-END REMINDERS

There is an ever growing list of annual notices that must be distributed in connection with the routine operation of qualified plans. Some of the items include the following: