Below are some of the changes, the one's that are most useful for participants to know.
Internal Revenue Service cost-of-living adjustments applicable to dollar limitations for retirement plans.
Internal Revenue Service cost-of-living adjustments applicable to dollar limitations for retirement plans.
* 401(k), 403(b) & 457 Elective Deferral Limit increases from
$17,000 in 2012 to $17,500 in 2013
* Catch-Up Contribution Amount stays unchanged at $5,500
* 415 Defined Contribution Annual Additions Limit increases from
$50,000 to $51,000
* Compensation Considered increases from $250,000 to
$255,000
* Income Subject to Social Security Tax (Taxable Wage Base)
increases from $110,100 to $113,700
There are others that are important for use with
Non-Discrimination and Top-Heavy tests, but the above are the relevant ones to
Plan Sponsors and participants.
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