Alert: 2013 Cost-of-Living Adjustments

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October 25, 2012

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.