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Nov 2011
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November 11, 2011

HR Focus - Fall 2011


Key IRS Benefit Plan Limits For 2012

The IRS recently released its 2012 employee benefits limitations for retirement plans. Earlier this year the IRS issued the 2012 HSA/HDHP adjustments. The following chart lists common limitations relevant for many employers.

LIMITATION* 2012 2011
Retirement Plans   
Qualified Retirement Plans - Annual Compensation Limit $250,000 $245,000
Defined Benefit Plans - Annual Benefit Limit $200,000 $195,000
Defined Contribution Plans - Annual Additions Limit $50,000 $49,000
Catch-Up Contribution Limit $5,500 $5,550
Highly Compensated Employee $115,000 $110,000
Annual Deferral Limits    
  • 401(k), 403(b), 457(b)
  • SIMPLE plan
$17,000
$11,500
 
$16,500
$11,500
 
Social Security
Social Security Wage Base $110,100 $106,800
HSA/HDHP
Annual Minimum Deductible    
  • Single
  • Family
$1,200
$2,400
 
$1,200
$2,400
Annual Out-of-Pocket Maximum  
  • Single
  • Family
 $6.050
$12,100
 
$5,950
$11,900
Annual Contribution Limit
  • Single
  • Family
$3,100
$6,250

 
$3,050
$6,150
 
Catch-up Contribution Limit $1,000 $1,000

*Limits are based on the calendar year period and may vary for fiscal year plans. Download PDF

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