The ERISA Outline Book - Dollar Limits

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The following entries provide the applicable dollar limits in effect for 2012, referenced to the identified Parts of Section I of Chapter 15 of the 2011 Edition of The ERISA Outline Book, except where otherwise noted. The dollar amount described in Part D of Section I is no longer updated, so that Part is not listed below.

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Part A: Compensation dollar limitation (IRC §401(a)(17)

• $250,000

Part B: Elective deferral limitation (IRC §§401(a)(30) and 402(g))

• $17,000

Part C: ESOP distribution restrictions (IRC §409(o))

• $1,015,000 (minimum balance)
• $200,000 (increment amount)

Part E: Compensation requirements under highly compensated employee definition (IRC §414(q))

• $115,000

Part F: Compensation requirements under key employee definition (IRC §416(i)(1))

• $165,000

Part G: Section 415 limits

• $50,000 (DC limit)
• $200,000 (DB limit)
• 1.0376 (adjustment factor for DB compensation limit for participants who separated from service in 2010 or 2011)
• 1.0327 (adjusted factor for DB compensation limit for participants who separated from service before 2010)

Part H: Compensation requirement for participation in SEPs (IRC §408(k))

• $550

Part I: Annual limit on elective contributions under SIMPLE Plans (IRC §408(p)(2) and IRC §401(k)(11))

• $11,500

Part J: Annual deferral limit under section 457 plans (IRC §457(b))

• $17,000

Part L: Catch-up contribution limits (IRC §414(v))

• $5,500 ($2,500 for SIMPLE plans)

Part M: IRA contribution limits (IRC §§219, 408 and 408A)

• $5,000 ($1,000 catch-up limit)
• AGI phase-outs for IRA deduction for active participants (published in Part A.2.b.1) and A.2.b.3)a) of the IRA definition in Chapter 1A)
  • $92,000-$112,000 (married filing jointly)
  • $58,000-$68,000 (single or head of household)
  • $0-$10,000 (married filing separately)
  • $173,000-$183,000 (non-active participant married to active participant; based on couple's AGI)
• AGI phase-outs for Roth contribution eligibility (published in Part A.3.b. of the Roth IRA definition in Chapter 1B)

  • $173,000-$183,000 (married filing jointly)
  • $110,000-$125,000 (single or head of household)
  • $0-$10,000 (married filing separately)

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Part N: Health Savings Accounts (HSAs)

• Annual contribution limit: $3,100 for self-only coverage; $6,250 for family coverage
• Annual minimum deductible for high deductible health plan: $1,200 for self-only coverage; $2,400 for family coverage
• Maximum out-of-pocket expenses for high deductible health plan: $6,050 for self-only coverage; $12,100 for family coverage

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Part O: Archer Medical Savings Accounts (MSAs)

• Annual minimium deductible for high deductible plan: $2,100 for self-only coverage; $4,200 for family coverage
• Annual maximum deductible for high deductible health plan: $3,100 for self-only coverage; $6,300 for family coverage
• Maximum out-of-pocket expenses for high deductible health plan: $4,200 for self-only coverage; $7,650 for family coverage

Part P: Saver’s Credit (IRC §25B)

• AGI brackets for 50% credit:

  • $0-$34,500 (married filing jointly)
  • $0-$25,875 (head of household)
  • $0-$17,250 (other taxpayers)

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Section VIII, Part B.1.b.4)d)ii), of Chapter 3B: Excess Compensation Threshold under IRC §430(c)(7)(D)(i)(II) (DB plans subject to the special amortization election under IRC §430(c)(2)(D))

• $1,039,000

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Appendix A of Chapter 10: Taxable Wage Base

• $110,100

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