|
|
Elective Deferral |
Over Age 50 Catch-Up |
2012 Other Catch-Up |
Maximum Elective Deferral |
Maximum Employer Contributions |
Maximum Annual Contribution1 |
§403(b)/
Roth §403(b) |
$17,000 |
$5,500 |
$3,0002 |
$25,500 |
$50,000 |
$55,500 |
§457(b) /
Roth §457(b) Governmental |
$17,000 |
$5,500 |
$17,0003 |
$22,500 - $34,000 |
$17,000 |
$22,500 - $34,0004 |
§457(b)
Non-Governmental |
$17,000 |
N/A |
$17,000 |
$34,000 |
$17,000 |
$34,000 |
|
§457(b) Top Hat |
Up to
100% of compensation |
N/A |
N/A |
Up to
100% of compensation |
Up to
100% of compensation |
Up to
100% of compensation |
§401(a)
Governmental |
N/A |
N/A |
N/A |
N/A |
$50,000 |
$50,000 |
Corporate
§401(k) /
Roth §401(k) |
$17,000 |
$5,500 |
N/A |
$22,500 |
$50,000 |
$55,500 |
Personal §401(k)/
Roth §401(k) |
$17,000 |
$5,500 |
N/A |
$22,500 |
$50,000 |
$55,500 |
|
SIMPLE IRA |
$11,500 |
$2,500 |
N/A |
$14,000 |
$14,000 |
$28,000 |
|
SEP IRA |
N/A |
N/A |
N/A |
N/A |
$50,000 |
$50,000 |
|
SARSEP IRA |
$17,000 |
$5,500 |
N/A |
$22,500 |
$50,000 |
$55,500 |
|
IRA / Roth IRA |
$5,000 |
$1,000 |
N/A |
$6,000 |
N/A |
$6,000 |
1 This is inclusive of all Catch-Ups available.
You must meet certain eligibility requirements to make Catch-Up contributions.
2 Employees who have 15 or more years of service with the current employer may be eligible for the
15 Year Catch-Up provision which allows for an additional Catch-Up of up to $3,000.
3 Employees may use the Retirement Catch-Up in the 3 years prior to attaining normal retirement age
under the §457 plan in certain circumstances. The Retirement Catch-Up may not be used in conjunction
with the Over Age 50 Catch-Up.
4 §457(b) Governmental plan maximum contribution limits range from $22,500-$34,000 depending
on the Catch-Up used.