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Dec 2012
04
December 04, 2012

Key Benefit Plan Limits for 2013

The IRS recently released its 2013 employee benefits limitations for retirement plans. Earlier this year the IRS issued the 2013 HSA/HDHP adjustments and the Social Security Administration issued the 2013 taxable wage base. The following chart lists common limitations relevant for many employers.

Limitation 2013 2012
Retirement Plans    
Qualified Retirement Plans
  • Annual compensation limit

$255,000

$250,000
Defined Benefit Plans
  • Annual benefit limit

$205,000

$200,000
Defined Contribution Plans
  • Annual additions limit

$51,000

$50,000
Catch-Up Contributions Limits
  • 401(k), 403(b), 457(b)
  • SIMPLE plan

$5,500
$2,500

$5,500
$2,500
Highly Compensated Employee $115,000 $115,000
Annual Deferral Limits
  • 401(k), 403(b), 457(b)
  • SIMPLE plan

$17,500
$12,000

$17,000
$11,500
IRA Contribution Limit $5,500 $5,000
Social Security    
Social Security Wage Base $113,700 $110,100
HSA/HDHP    
Annual Minimum Deductible
  • Single
  • Family

$1,250
$2,500

$1,200
$2,400
Annual Out-of-Pocket Maximum
  • Single
  • Family

$6,250
$12,500

$6,050
$12,100
Annual Contribution Limit
  • Single
  • Family

$3,250
$6,450

$3,100
$6,250
Catch-Up Contribution Limit $1,000 $1,000

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