2012 Limitations for Qualified Pension Plans

    View Authors November 2011

    The 2012 annual cost-of-living adjustments to certain benefit limitations applicable to tax-qualified employee pension plans under the Internal Revenue Code were released by the Internal Revenue Service on October 20, 2011. The limitations for 2012 are set forth below. 


    Code Section

    2012

    401(a)17/
    404(1) Annual Compensation

    $250,000

    402(g)(1)
    Elective 401(k)
    Deferrals

    $17,000

    408(k)(2)(C)
    SEP Minimum
    Compensation

    $550

    408(k)(3)(C)
    SEP
    Maximum
    Compensation

    $250,000

    408(p)(2)(E)
    SIMPLE
    Maximum
    Contributions

    $11,500

    409(o)(1)(C)
    ESOP Limits

    $1,015,000$200,000

    414(q)(1)(B)
    HCE
    Threshold

    $115,000

    414(v)(2)(B)(i)
    Catch-up
    Contributions

    $5,500

    414(v)(2)(B)(ii)
    Catch-up
    Contributions

    $2,500

    415(b)(1)(A)
    DB Limits

    $200,000

    415(c)(1)(A)
    DC Limits

    $50,000

    416(i)(1)(A)(i)
    Key Employee

    $165,000

    457(e)(15)
    Deferral Limits

    $17,000