21
Nov '12
- The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan remains unchanged at $17,500.
- The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan remains unchanged at $5,500.
- The limit for defined-contribution plans is $52,000, up from $51,000.
- The general definition of a highly compensated employee is unchanged at $115,000.
- The definition of a key employee in a top-heavy plan increases to $170,000, up from $165,000.
- The limited compensation amount increases to $210,000 from $205,000.
- The general annual qualified plan compensation limit rises to $260,000 from $255,000.
- The foreign-earned income exclusion amount is $99,200, up form $97,600.
- The annual dollar limit on employee contributions to employer-sponsored health-care flexible spending arrangements remains unchanged at $2,500.