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ARTICLE · 23 OCTOBER 2012

2013 Dollar Limits On Compensation And Benefits

The Internal Revenue Service has announced the 2013 annual dollar limitations on benefits, contributions, and compensation.

United StatesEmployment and HR

The Internal Revenue Service (IRS) has announced the 2013 annual dollar limitations on benefits, contributions, and compensation.  The key limits for 2013 (as well as the limits that applied in 2012) are listed in the table below.

Code Section

Limit

2013

2012

§401(a)(17)(A)

Annual Compensation

$255,000

$250,000

§402(g)(1)(B)

401(K)/403(B) Elective Deferrals

$17,500

$17,000

§414(q)(1)(B)(i)

Highly Compensated Employees

$115,000

$115,000

§414(v)(2)(B)(i)

Age 50+ "Catch-Up" Contributions

$5,500

$5,500

§415(b)(1)(A)

DB Annual Benefits

$205,000

$200,000

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