New IRS Indexed Limits For 2013

Here are some important updates to the Pension Plan Limits for retirement plans for 2013.

Item	IRC Reference	2012 Limit	2013 Limit
401(k) and 403(b) Employee Deferral Limit1	402(g)(1)	$17,000	$17,500
457 Employee Deferral Limit	457(e)(15)	$17,000	$17,500
Catch-up Contribution2	414(v)(2)(B)(i)	$5,500	$5,500
Defined Contribution Dollar Limit	415(c)(1)(A)	$50,000	$51,000
Defined Benefit Dollar Limit	415(b)(1)(A)	$200,000	$205,000
Compensation Limit3	401(a)(17); 404(l)	$250,000	$255,000
Highly Compensated Employee Income Limit4	414(q)(1)(B)	$115,000	$115,000
Key Employee Officer	416(i)(1)(A)(i)	$165,000	$165,000
Social Security Taxable Wage Base		$110,100	$113,700

1. Employee deferrals to all 401(k) and 403(b) plans must be aggregated for purposes of this limit. A lower limit applies to SIMPLE plans.
2. Available to employees age 50 or older during the calendar year. A lower limit applies to SIMPLE plans.
3. All compensation from a single employer (including all members of a controlled group) must be aggregated for purposes of this limit.
4. For the 2013 plan year, an employee who earned more than $115,000 in 2012 is an HCE. For the 2014 plan year, an employee who earns more than $115,000 in 2013 is an HCE.