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2012 Limitations for Qualified Pension Plans
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. View a chart summarizing the limits for 2005 through 2012.
Code Section
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2012
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401(a)17/
404(1) Annual Compensation
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$250,000
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402(g)(1)
Elective 401(k)
Deferrals
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$17,000
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408(k)(2)(C)
SEP Minimum
Compensation
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$550
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408(k)(3)(C)
SEP
Maximum
Compensation
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$250,000
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408(p)(2)(E)
SIMPLE
Maximum
Contributions
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$11,500
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409(o)(1)(C)
ESOP Limits
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$1,015,000$200,000
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414(q)(1)(B)
HCE
Threshold
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$115,000
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414(v)(2)(B)(i)
Catch-up
Contributions
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$5,500
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414(v)(2)(B)(ii)
Catch-up
Contributions
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$2,500
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415(b)(1)(A)
DB Limits
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$200,000
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415(c)(1)(A)
DC Limits
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$50,000
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416(i)(1)(A)(i)
Key Employee
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$165,000
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457(e)(15)
Deferral Limits
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$17,000
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