Tuesday, February 12, 2013

2013 Retirement Plan Increases

Please note that in 2013 the maximum amounts you can add to many retirement plans have increased.  See table below.


1 Must aggregate employee contributions to all 401(k), 403(b), SAR-SEP, and SIMPLE plans of all employers. Contributions to 457(b) plans are not aggregated. For SAR-SEPs, the percentage limit is 25% of compensation reduced by elective deferrals (effectively, a 20% maximum contribution).

2 Special catch-up limits may also apply to 403(b) and 457(b) plan participants.