October 25, 2012
Alert: 2013 Cost-of-Living Adjustments
The following are the 2009-2013 inflation-adjusted amounts, which may affect certain employee benefit plan benefits.
|
|
2009 |
2010 |
2011 |
2012 |
2013 |
|
§ 401(k) / 403(b)/457 Deferral Limit
|
16,500 |
16,500 |
16,500 |
17,000 |
$17,500 |
|
SIMPLE Deferral Limit
|
11,500 |
11,500 |
11,500 |
11,500 |
$12,000 |
|
Catch-Up Contribution Limit to 401(k) and 403(b)
|
5,500 |
5,500 |
5,500 |
5,500 |
$5,500 |
|
Catch-Up Contribution Limit to SIMPLE plan
|
2,500 |
2,500 |
2,500 |
2,500 |
$2,500 |
|
Retirement Plan Compensation Limit
|
245,000 |
245,000 |
245,000 |
250,000 |
$255,000 |
|
§ 415(b) Defined Benefit Annual Pension Limit
|
195,000 |
195,000 |
195,000 |
200,000 |
$205,000 |
|
§ 415(c) Defined Contribution Annual Addition Limit
|
49,000 |
49,000 |
49,000 |
50,000 |
$51,000 |
|
Highly Compensated Employee-Compensation Threshold
|
110,000 |
110,000 |
110,000 |
115,000 |
$115,000 |
|
Key Employee-Compensation Threshold for Officers
|
160,000 |
160,000 |
160,000 |
165,000 |
$165,000 |
|
Social Security Taxable Wage Base
|
106,800 |
106,800 |
106,800 |
110,100 |
$113,700 |
|
Limit on Outside Earnings to Avoid Social Security Offset
|
14,160 |
14,160 |
14,160 |
14,640 |
$15,120 |
|
§223 Health Savings Accounts - Contribution Limits |
|
|
|
|
|
|
Single Coverage |
3,000 |
3,050 |
3,050 |
3,100 |
$3,250 |
|
Family Coverage |
5,950 |
6,150 |
6,150 |
6,250 |
$6,450 |
|
Age 55 Catch-
Up (not subject
to indexing) |
1,000 |
1,000 |
1,000 |
1,000 |
$1,000 |
|
§223 High Deductible Health Plan Limits |
|
|
|
|
|
|
Minimum
Deductible |
|
|
|
|
|
|
Single |
1,150 |
1,200 |
1,200 |
1,200 |
$1,250 |
|
Family |
2,300 |
2,400 |
2,400 |
2,400 |
$2,500 |
|
Out-Of-Pocket
Maximum |
|
|
|
|
|
|
Single |
5,800 |
5,950 |
5,950 |
6,050 |
$6,250 |
|
Family |
11,600 |
11,900 |
11,900 |
12,100 |
$12,500 |
For more information, please contact a member of Briggs and Morgan's Employee Benefits and Executive Compensation group.
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